This week we have a stock market forecast for the week of 1/16/2022 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!
The S&P 500 (SPY)
While my forecast for a weak or "false" breakout in my last forecast has proven correct, I still won't have that much confidence in the sustainability of this top until we have a clear break below the support level at $450 per share and a weekly close below that area.
The Fed is running the show with its endless printing of money. Imagine yourself back in high school and working your tail off to scrape the money together to buy a car. In the meantime, you see several kids show up at your school in brand new BMWs that daddy bought. Continue reading "Weekly Stock Market Forecast"