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Pre market on fire again, it's been a wild week for boomers. Indexes are flirting with new all time highs. It takes a lot to reverse a speeding train and once in motion, it will remain in motion. Just like the current Wall Street bull market. https://t.co/Kv2rqOdG4p
Since the October 2023 lows, the $SPX has basically had 17 green weeks, 3 essentially flat weeks, and one decently red week. It’s up a mind boggling 32% in that time frame. And there seems like NOTHING will stop it to keep keeping on… 🐻🔫
$SPX still on track... https://t.co/HatpR6PSCr https://t.co/l6lV2K8kVW
The S&P 500 index ($SPX) is approaching the long-awaited target of 5237 after a remarkable market run, with potential levels at 5285, 5300, and 5340. The recent surge is attributed to Powell's actions, leading to strong market rallies and record gains. Options interest is focused around the current level of 5250, with attention also on 5280 calls and 5220 puts. The index has seen significant growth, up approximately 28% in 21 weeks, with a consistent upward trend since October 2023, showing a 32% increase. The market continues to rally towards new all-time highs, with indications of sustained momentum.