ProShares UltraPro QQQ ETF (TQQQ)

[philg]

I wonder if they're right:

"The S&P 500 bottom-up target price. vs. closing price over the past 12 months.
J.P. Morgan strategist Marko Kolanovic indicated in a note to clients Friday that U.S. equities may climb as much as 7% next week as investors rebalance portfolios amid the end of the month, second quarter, and first half of the year.

“Next week’s rebalance is important since equity markets were down significantly over the past month, quarter and six-month time period,” Kolanovic said. "On top of that, the market is in an oversold condition, cash balances are at record levels, and recent market shorting activity reached levels not seen since 2008."

https://finance.yahoo.com/news/what-to-know-this-week-in-markets-june-27-184417186.html