The S&P 500 index has reached a record high of 5500, meeting predictions from analysts like Tom Lee. Traders anticipate a possible pullback after hitting this milestone, with market dynamics suggesting a temporary ceiling in the near term.
$SPX tagged our target of 5500 almost perfectly into June OPEX so now can easily see that consolidation or pullback into month end.. doesnt get much better with timing then that!
$SPX 5500 @fundstrat https://t.co/dMd65UtU1i
$SPX ALL-TIME HIGH PRINT (20 June 2024 Thursday) 5499.99 +5.08% from June low https://t.co/Wy8t7X8x1J
SPX going to open near 5500 strike target for opex week. Likely a ceiling for now with a ton of gamma expiring tomorrow. Great weekend and month here been nailing it.
$SPX 5,500 likely to be a 𧲠today https://t.co/BWIfC61d08
$SPX Is Now In A Tricky Spot https://t.co/UoWIuVu8Xx
$SPX 5,500 hit in June. As Tom Lee predicted. Iβm curious now when does Tom see a small pullback, if there even is one? @fundstrat
Tom Leeβs S&P $SPY target for June, $5500, has been achieved in the pre markets. https://t.co/XTw9UQXeYS https://t.co/YdizBh3TRh
SPX: New highs with 5600s in sight -Suttmeier https://t.co/NYuXlyYANg
New $SPY target $552 π