So right now investors like Warren Buffet are on the sidelines pissed off that they can't buy low, but they will not FOMO like a bunch of retail investors did to go and chase 12% upside in these troubling times. So I predict SPY
is just going to trade sideways before more data comes for dumps in prices until Stocks are cheap Investors will not chase these inflated stock prices because basically all the good stocks (tech) are already inflated and back up high. Everyone wants cheap stocks but are not willing to go and chase them. It would be funny if we get a "W" shape back to ATH
and then we crash back down. I think its a battle of FOMO and fundamentals right now for those tech stocks, meanwhile everything else mostly has gone up halfway or is still in the floor like the airlines. It doesn't look good for Stocks right now. I'm still bearish
on this market but I won't argue against the strength in QQQs
that could hold up the market.