The New Rip Your Face Off Bull Market

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I'm a little excited, I'm feeling maybe in a year from nowwe get 500. Got some long-term calls to that target.

dmn
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Market needs to take a breath IMO. I think we see a bit of a pullback. 436 area, possibly 425 if it pulls hard, then a bounce to 460/ATH

gdubbmx
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Matt, its a 2 months + old article, sure the sentiment has changed since then?

myselfiemirror
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My Two Cents. If we keep ripping thru resistance including all time highs on s&p, we are going to 6000 or 7000 on s&p as David Hunter suggest. Which will be the blow off top for decades. Be ready just in case.

Jayshadys
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Well based on my -P/L this past Thursday and Friday, it sure seems like it is... although it was a heavy data dump week with quad witching. See how the rest of this month turns out.

Iam-BruceLee
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people forget the stock market is forward looking and it will never go up in a straight line. We could definitely get a pull back

mmgvideos
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I think it's a combination of a gamma squeeze and a short squeeze. As ppl keep buying up calls, MMs that sold the calls to you have to hedge their shorts by buying up shares or S&P futures which further drives the price up even more. And the loop goes on and on and on ... lol :D

kemawellington
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Looking at SPY 1 Yr timeframe, notice that SPY took out the High or the Low of the previous year, each year it progressed. The possibility of hitting 377 again is low. So, I think SPY will hit 460 at least, and possibly new high before the end of the year.

phas
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This definitely is not true in the small cap world.

jakeweston
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On the flip side, Business insider announces of a potential Short squeeze to attract more chasers, just for the opposite to happen! Kinda reverse psychology 🤔

rdszone
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I see $SPY pulling back to $434 next week.

ahmega