How High Can the S&P 500 Go?

Tiger_James Ooi
01-23

We would like to offer a quick glance into the S&P 500 target price based on Technical Analysis.

  • Currently, the S&P 500 is near its 100% target price of the inverted head & shoulders at 4897.

  • It is unsurprising if traders take some profit off the table after it hits 4897.

  • We expect the correction to be approximately 10% to 15% and could take 1-2 months to complete.

  • However, we are prepared to be surprised if the correction only occurs after it first hits 5112 or 5224, representing the 127% and 141% Fibonacci extension levels based on the inverted head & shoulders’ length.

  • An ideal investment strategy remains 70% invested in the market, utilizing the remaining 30% for short-term investing.

Investment instruments worth considering include S&P 500 ETFs such as SPDR S&P 500 ETF ( $SPDR S&P 500 ETF Trust(SPY)$ ), iShares Core S&P 500 ETF ( $iShares Core S&P 500 ETF(IVV)$ ), and Vanguard 500 Index Fund ETF ( $Vanguard S&P 500 ETF(VOO)$ ).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（3）

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  • twisty
    ·01-25
    Sky's the limit! 🚀
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  • JessieTheresa
    ·01-25
    To the moon! 🚀
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  • Brando741319
    ·02-01
    Good
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