$Instacart, Inc. (Maplebear In-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Instacart, Inc. (Maplebear Inc.)(CART)$

Instacart's RSI has climbed to 82.35 as of September 19, 2024, signaling an overbought condition (generally above 70), which may indicate a possible price correction ahead.

50-day Moving Average: The stock is currently trading above its 50-day moving average (41.83 vs. 35.29), pointing to a strong upward trend.

S&P Hits New High! Can 50bps Push It to 6,000 by Year-End?

On September 18, 2024, the Fed cut rates by 50 basis points to 4.75%-5%. This is the first cut since March 2022. The Fed forecasts a total of 100 basis points in cuts for 2024 and another 100 basis points in 2025. The Dow Jones and S&P 500 both hit record highs. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict?

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