spy

$SPDR S&P 500 ETF Trust(SPY)$  is the etf for $S&P 500(.SPX)$  . according to the pnf for spy, it has potential to hit 550. that translates to about 5500 for spx. it should be able to hit this level by end of this year. in the midst, it will most likely be punctuated with consolidation, pullbacks, corrections, etc. 

the bull trend normally lasts for 4 to 10 years. the bear trend can last 1 to 2 years. if you examine the pnf chart, you can see that spy is mostly on an uptrend. 

another important indicator to track is $FTSE 100(.UKX.UK)$ , it is the leading indicator of spx. it has made fresh highs. it will be challenging the all time high made last year soon. this is all thanks to fed pivot though inflation remains resilient. 

you can feel the fear of missing out. now is buy the rumor phase. you can observe that the small caps are also trying to catch up. this is a good sign of healthy sector rotation. the generative ai led rally is just beginning. the early adopters are rushing to fit their hardware with new ai chips. when the majority laggards join in the craze, the ai led rally will be huge.

$US2Y(US2Y.BOND)$ is creeping up. most likely due to inflation resilience. somehow it is not so convinced by the fed pivot.

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@TigerStars  @TigerWire  @Asphen  @koolgal  [Happy]  🥂✨