SPX to 5300 by EOY

Submitted by expicell t3_1283ely in wallstreetbets

markets are recovering fast, I just bought some calls expiring next January, for pretty cheap in fact, bought 10 5300 SPX and 10 SPX 5500 calls EOM Jan 24

I also expect NQ to hit 16000 by end of September? We are only less than 3000 points away, with 6 months left, if we can keep rallying, we should be at 21000 by EOY no?

What do you guys think?

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VisualMod t1_jeh0ajz wrote

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VisualMod t1_jeh0b2q wrote

>I think the market is definitely headed higher in the short-term, but I wouldn't be surprised if we see a correction at some point. However, overall I remain bullish on stocks and expect the bull market to continue into next year. As for your specific trade, it looks like a good idea to me.

5

arpatel530 t1_jeh1mmk wrote

Can go up can go down can go sideways

4

Revolutionary-Tie911 t1_jeh2fku wrote

These are the kind of comments I love to see, always reinforces my short positions

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