SPY monthly study - up 40 plus % through 2021 from April 2020
This is a correlation study to TLT (see www.tradingview.com/...d-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.
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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.
