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Still Room for Optimism Despite Short-Term Inflection Point
Schaeffers Investment Research· 2025-09-22 12:56
“Considering where this move may ultimately extend, I prefer to keep it simple and anchor to the 161.8% Fibonacci extension. Using the defined move from the February high to the April low, this projects an SPX upside objective near 6,958. And while the third year of a bull market is historically more choppy than the first two years, I don’t think it’s unreasonable to believe we could reach that 6,958 milestone before year-end. A re-escalation in the Middle East, renewed tariff pressures, another round of st ...