SPY Forecast


Bullish Case: The SPY remains resilient, supported by strong corporate profits, technological advancements, and geopolitical stability. Positive momentum persists.


Bearish Case: Economic uncertainties, geopolitical tensions, and potential interest rate hikes loom, threatening the current market trajectory. Potential for significant disruption.


Potential Outcomes: Further rate cuts (60% chance) could drive a continued uptrend. Persistent inflation (30%) and geopolitical shocks (10%) risk corrections.


Trading Oracle: Deploy bullish debit spreads on SPY with a 3-6 month horizon. Focus on slightly out-of-the-money options. Implied volatility is stable; high reward-risk. Significant potential for positive gains aligned with bullish sentiment and historical performance.


July 18, 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)


SPYG Forecast + Options Trading Strategies   SPYG  SPDR Portfolio S&P 500 Growth (1.0)


UPRO Forecast + Options Trading Strategies   UPRO  ProShares UltraPro S&P 500 (1.0)


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


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (1.0)



Uncorrelated Assets

Assets with little price relationship to SPY



HR Forecast + Options Trading Strategies   HR  Healthcare Realty Trust (0.01)


RH Forecast + Options Trading Strategies   RH  RH - (-0.01)


SMPL Forecast + Options Trading Strategies   SMPL  Simply Good Foods (-0.01)


CFLT Forecast + Options Trading Strategies   CFLT  Confluent (-0.01)


CRI Forecast + Options Trading Strategies   CRI  Carters (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against SPY



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.93)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.94)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.97)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.99)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-1.0)





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