S&P 500 Forecast 2024-05-08

1-day and 1-week forecasts are positive. The 1-mo forecast is almost spot on zero. The monthly forecast for tomorrow assuming current conditions persist is mildly negative. Thus, I’m opening a basic long position in an S&P 500 index funds, rather than trying to take on a leverage factor of 2 and likely recalibrating tomorrow. Invest at your own risk.

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