I guess I will update,
We missed the target by a few cents today, but I anticipate a circle back.
Market got what it wanted, though JP went rogue with his speech and appeared to be very hawkish. Though the market has a short memory and at the end of the day the rate cut was in at expectations.
Based on the market open this week, the projections did change with a cap of 568 rounded up. There is room to still snag 569 because its not outside of the error range associated with the cap.
I do think we should probably circle back up to take it out. We do have employment numbers tomorrow. May cause a sell. But intra-day looks optimistic still.
There will be a time for bearishness, just not convinced its yet. And up until today SPY is playing according to projections, with the exception of falling a few cents short of the TP. Its a math TP so I don't consider it "Good enough" until its hit precisely.
No suggestions at this time though, since, again, the real time projections did indeed say 568 was the cap this week, I don't want to shill being bullish biased in the face of data suggesting we may have seen the high for the week.
But I will say, its not bearish.
Safe trades everyone!