SPY Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: SPY's current implied volatility is declining, suggesting reduced uncertainty ahead. If the Fed maintains rates, combined with stable consumer sentiment, this could drive SPY higher, reaching $600 within the next year.




Bearish Case: Increased geopolitical tensions and mixed economic signals could spur volatility, leading to a potential drop in SPY towards the $550 level as investors react to external pressures and inflation concerns.




Potential Outcomes:

1. SPY rallies to $600 (30%);

2. Remains stable around $580 (40%);

3. Drops to $550 (20%);

4. Falls below $540 (10%). Recent trading volume indicates strong bullish sentiment, yet external risks persist.




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November 19, 2024


 SPDR S&P 500 Forecast

SPY         SPDR S&P 500











Correlated Assets

Assets that tend to move strongly with SPY



SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (1.0)


VOO Forecast + Options Trading Strategies   VOO  Vanguard S&P 500 (1.0)


VT Forecast + Options Trading Strategies   VT  Vanguard Group, Inc. - Vanguard Total World Stock (1.0)


VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (1.0)


SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (1.0)



Uncorrelated Assets

Assets with little price relationship to SPY



XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.0)


EXPD Forecast + Options Trading Strategies   EXPD  Expeditors International Of Washington (-0.0)


LEU Forecast + Options Trading Strategies   LEU  Centrus Energy (0.0)


S Forecast + Options Trading Strategies   S  Sprint (0.0)


ENVX Forecast + Options Trading Strategies   ENVX  Enovix (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SPY



SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.93)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.94)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.95)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-1.0)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-1.0)









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