ZeziScalper
Short

SPY Overextended | Am I the only one seeing this??

AMEX:SPY   SPDR S&P 500 ETF
271 2 7
Pls give me your opinion
Do you foresee break of 180 in the next year?
strictly technically speaking it may be over extended but honestly no one has a clue even the wall st gurus. But its just made an all time high so price may be on its starting point of another wave up. You normally do not see a ATH unless there is significant confidence in the underlying or its a bubble. And bubbles are hard to know until it bursts...
+1 Reply
ZeziScalper PerpetualLearner
5 months ago
thanks, I agree but personally I expect a catalyst to pop it and then an unprecedented sell off
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