This Is What The S&P Will Do Thru The End Of The Year

Posted by Joe Duffy | Sep 17, 2024 | Joe Duffy's Trading Advantage | 0 |

A week ago I said that we would have a V bottom in the SPY (SP 500 ETF) and that is exactly what happened. Further I said to expect new highs in September and those were achieved on Tuesday. From here I think the rest of the year will basically zig zag higher. This means some scary drops followed by a still larger rally. If you chase either side you are likely asking to lose money. Buying the dips is still the best strategy. The scarier the better!

TLT (20 year bond ETF) has been my major pound the table pick for months. It has done outstanding. Hope you participated. Fed day Wednesday, perhaps a dip will allow us to start the process again over the next few weeks.

Thanks,

Joe

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Joe Duffy

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