displyn

SPY should retrace eventually to the 50% Fib.

AMEX:SPY   SPDR S&P 500 ETF
31 1 0
Normally, the SPY             retrace to the 61.8% Fibonacci, but I believe it will retrace to the 50% Fib instead. However, historically the SPY             takes about 1.5 to 2 years to complete its full retracement (just in time for the next election). My analysis, after a huge run-up the SPY             retrace about 70 to 80 dollars which would put us at the 140 price target.

Again, this is just me doing my due diligence a.k.a. homework. I have been wrong many times and I am sure I will be wrong again in the future. Even fortune tellers are wrong occasionally, lol.

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displyn
a year ago
The SPY also stayed overbought for 4 to 5 years on the stochastic before its 1.5 to 2 years retracement journey. This is just my 2 cents and that's all its probably worth just 2 cents.
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