SPDR S&P 500 ETF TRUSTUpdated SPY monthly study - up 40 plus % through 2021 from April 2020
This is a correlation study to TLT (see tradingview.com/chart/TLT/nCS1XWEF-TLT-monthly-study-down-20-and-more-through-2021/)
TLT in 2012 and 2016 was down around 22% and in the same time frames SPY was up 40+ %. If history repeats, SPY could rise to $400 level around Feb 2022. That would be about 20% gain from today's level (as of 8/15/2020), not bad.
Note market tend to surprise most people most of the time and any prediction is just that: a predication, no more no less.
TLT in 2012 and 2016 was down around 22% and in the same time frames SPY was up 40+ %. If history repeats, SPY could rise to $400 level around Feb 2022. That would be about 20% gain from today's level (as of 8/15/2020), not bad.
Note market tend to surprise most people most of the time and any prediction is just that: a predication, no more no less.
Note
On target... only a lot faster. I am speculating if it is losing steam for the second half of the year... probably not going down but just flat. Who knows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.