SPY Monthly BX: Bull Trend Intact, Higher Targets Ahead

PeterDiCarlo
01-19

$SPDR S&P 500 ETF Trust(SPY)$ Monthly BX View

Anyone trying to short this has been fighting a textbook bull cycle. 🔁

Monthly BX is still green and price has been compressing for about 4 months in the 690→670 range, with SPX still ~25 points above our projected January level (purple).

Over the next 3–6 months I still expect a continued bull market with a move toward 750 by August 2026, and a worst-case 3–5% correction somewhere in Q1–Q2.

As long as Monthly BX holds green, my long-term outlook stays bullish.

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