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ncontelmo

SPY TOP ~$350

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
ncontelmo  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators Beyond Technical Analysis Tesla Motors (TSLA) AMZN AMD AAPL IWM SPDR S&P 500 ETF (SPY) election watchout
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trendanalysis indicator beyondta tsla amzn amd aapl iwm spy election watchout
I know I will get a lot of flack for this, but SPY is going to make one last crazy run to $350. This will happen because of TSLA, AMD, AMZN, APPL, NVDA all pushing up the market even more to some un heard of levels. This also gives IWM to the opportunity to complete its 100% retrace from lows which will then complete the rules of elliot wave theory. After that time, we will have major FANGs with P/E that do not even remotely make sense. Not a single company in this entire market is deserving of its current valuation (we are in a different world however, so it is what it is). Nearing the turmoil that is the election, the media will start pumping that Trump has about a 2% chance of winning. This is exactly what they did last time. Biden is the worst candidate for the stock market and this tension should cause a break of our current trend, sending us back to roughly $300. Trump WILL win the election and the bullishness should continue.

IWM - $170
AMZN - $3800
TSLA - $2400
AMD - $111
AAPL - $600
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