Rex Phinney |
12-13-2022 05:25 PM |
The market has pretty much shown it's hand now, S&P isn't going above 4,100. It just isn't. It should have been off to the races this morning if it really wanted to go higher. The frenzy lasted about 30 minutes.
That said, the downside of the market is in question too, there is a lot of cash on the sidelines now, any kind of sustained 5-10% dip is probably going to get plenty of buying to prop it up. 24 months of the S&P between 3,500 and 4,000 isn't out of the question here.
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