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home / news releases / SPY - The Market's Still On Track For A Top In August

SPY - The Market's Still On Track For A Top In August

SPDR S&P 500

2024-05-19 09:15:50 ET

Summary

  • The market continues to support last January's forecast of the advance continuing up through August.
  • The principle of similar time durations and investor sentiment suggest the current advance will likely last through August or September, but not longer.
  • But the Master Sentiment Indicator indicates that the topping process of the bull market will probably begin in August.

Last January, we wrote an article titled, Price Breakout Confirmed: Why The Advance Should Continue Through August ( here ). Evidence continues to point to the correctness of this forecast. In the article, we said,...

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The Market's Still On Track For A Top In August
Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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