2024-03-31 16:00:00 ET
Summary
- The S&P500 closed Q1 at 5254 with a PE ratio of 24.6.
- It can be difficult to buy this high, but inflection points in the trend help to define and minimize risk.
- The strong close to the quarter favors continuation in April and Q2, with no real resistance and strong seasonality.
The S&P500 ( SPY ) ended Q1 and the month of March at 5254. It has gained 28% in less than six months and now has a PE ratio of 24.6. How can anyone buy this high?!...
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For further details see:
S&P 500: How Can Anyone Buy This High?! - Week Starting 1st April (Technical Analysis)