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SPDR S&P 500 ETF Stock Discussion

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Short Sellers Are Back – Flurry Of Big Calls From Muddy Waters, Citron And Others Raises Questions: Why Now?

Binni Ong

Nov 22 22:32

How high can S&P500 go?

As we approach the last week of November 2024, let’s take a look at the weekly closing price of the $.SPX(.SPX)$ and address this question: How high can the S&P 500 go this round?
First, this projection is based on technical tools—it's not just a random guess pulled out of thin air.
Here, I’m using the Equidistant Channel to predict a potential target for the S&P 500.
What is an Equidistant Channel?
An Equidistant Channel in technical analysis is a charting tool used to i...