Normally, the SPY retrace to the 61.8% Fibonacci, but I believe it will retrace to the 50% Fib instead. However, historically the SPY takes about 1.5 to 2 years to complete its full retracement (just in time for the next election). My analysis, after a huge run-up the SPY retrace about 70 to 80 dollars which would put us at the 140 price target.
Again, this is just me doing my due diligence a.k.a. homework. I have been wrong many times and I am sure I will be wrong again in the future. Even fortune tellers are wrong occasionally, lol.
Again, this is just me doing my due diligence a.k.a. homework. I have been wrong many times and I am sure I will be wrong again in the future. Even fortune tellers are wrong occasionally, lol.
