Last week, I drew out a bullish forecast for SPY. What took me by surprise was the rapid and resilient upward movement within such a brief time frame. My portfolio is quite content with the results.
As we enter the new week and month, I find myself in a neutral stance. We find ourselves in a bilateral market environment. Nevertheless, putting aside my personal biases, I recognize that the biases of others will be the force that drives what comes next. I
t's evident that emotions are running high; those who missed out might feel compelled to chase the market, while those who had short positions are likely experiencing pressure to cover them. Additionally, those who were successful may be considering additional investments. Personally, I plan to safeguard my profits, as I am aware that, in the long run, the Federal Reserve still has more hawkish policies ahead.