SPY Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Stable implied volatility and mean-reverting price action suggest resilience, coupled with high trading volume on call options indicating bullish sentiment.




Bearish Case: Backwardation and low options trading volume imply market caution, with geopolitical uncertainty weighing on investor sentiment.




Potential Outcomes:
  • Market stabilizes, SPY trades around $580 (50%).
  • SPY correction to $550 if economic data worsens (30%).
  • Geopolitical tensions keep SPY below $540 (20%).



May 11, 2025


 SPDR S&P 500 Forecast

SPY         SPDR S&P 500











Correlated Assets

Assets that tend to move strongly with SPY



XLG Forecast + Options Trading Strategies   XLG  Invesco Capital Management LLC - Invesco S&P 500 Top 50 (0.98)


SPYG Forecast + Options Trading Strategies   SPYG  SPDR Portfolio S&P 500 Growth (0.97)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.97)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.96)


VT Forecast + Options Trading Strategies   VT  Vanguard Group, Inc. - Vanguard Total World Stock (0.96)



Uncorrelated Assets

Assets with little price relationship to SPY



BEPC Forecast + Options Trading Strategies   BEPC  Brookfield Renewable (0.0)


OUST Forecast + Options Trading Strategies   OUST  Ouster (-0.0)


SNY Forecast + Options Trading Strategies   SNY  Sanofi (0.01)


FE Forecast + Options Trading Strategies   FE  Firstenergy (-0.02)


ADI Forecast + Options Trading Strategies   ADI  Analog Devices (-0.03)



Anticorrelated Assets

Assets that tend to move strongly against SPY



XP Forecast + Options Trading Strategies   XP  XP (-0.57)


TMDX Forecast + Options Trading Strategies   TMDX  Transmedics (-0.59)


EWW Forecast + Options Trading Strategies   EWW  iShares MSCI Mexico (-0.63)


PAGS Forecast + Options Trading Strategies   PAGS  PagSeguro Digital (-0.75)


UDN Forecast + Options Trading Strategies   UDN  Invesco DB US Dollar Index Bearish (-0.78)









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