Replies to post #258613 on SPDR S&P 500 (SPY)

[farooq]

I think if we revisit lows than market is not stopping before 2200 is tested. We ultimately will test 1800 area mid 2019.
All market participants here are not understanding the Feds unwinding of balance sheet and reversal of multi decade of easing interest rate.
It will not be surprise me to see S&P multiples of 11 or below.
Just my 2 cents for SPY.

[imiloa]

i wouldn't be surprised to see SPY lower early this week
before inflection back upward
due to market-wide 23% EPS boost from tax cuts.
i still suspect we see SPY 300+ by mid-summer.

but that might be the last hurrah
if the FOMC finally does find the cojones to unwind their bonds.
still not believing that will happen
until it does...