Big Targets For The End Of The Year - Weekly Macro Update

#bitcoin #btc #spy #stocks #stonks #crypto #targets #technicals

Traders,

I know you're tired of hearing it. I know. But we're so close now. Keep the faith. I have not waivered or varied on my year-end target for 2024 for a year and a half now. And I still believe it will be achieved.

In the beginning of 2023, I called for a year-end target of around 70k. We nearly hit that. And somewhere in the middle of 2023, I suspected we would see nearly 100k by the end of 2024. But I don't believe we'll quite get there this year. However, my target is still much more optimistic than others. I am still calling for 88-92k on Bitcoin which will follow the U.S. stock market. As you know, I still believe stocks have room to move higher and my indicators all seem to agree. SPY could even reach 650-700 before it's all said and done.

Let's look at what my view is for the coming weeks and talk a bit more about my new indicator system.