Next stop for SPY looking like 220 to 224

This may not happen however looking back at its past performance and believing that the Democrats and the FED are behind the last few years of market moves I’d say their is a high likelihood that the market will continue to rise and rise fast. A ‘blowoff top’ if you will.

Why? Simply because the FED and Democrats don’t want to look bad before an election. They are printing money and using that money to keep the market going in an upward trajectory.

Letting it fall now would look real bad and have damaging effects on the chances of the Democrats being re-elected.

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