I think the SPY will start to act nervous in the middle of August in anticipation of what may come from the annual retreat the attends every year in August.
Depending what comes from this annual symposium, the S&P500 and the markets ( gold , oil , etc) in general may take another 4 weeks of “soul searching” before picking a direction.
I expect a good healthy correction downward somewhere between the middle of August and the end of September. After that, I expect the S&P 500 will likely continue a strong uptrend into December/January. Maybe.
I plan to be light on my financial feet and not get married to a direction during this time.
Targeting the $397 area if we see the correction.
( PB Alerts Analyst)
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