SPY monthly outlook. Uncertainty is building up very quickly this week and it's not stopping anytime soon. Next Monday will likely be another blood bath for many people.
I do believe this short squeeze event will die out in the next month. However, If GME/AMC lost hedge funds too much money, it could cause a systematic problem and a 40% crash is expected.
$340 is suggested by multiple indicators. The recovery timeframe is the extended SMA100 projection.
My interpretation, any price between $335-345 is a good entry for a 6-month long position. Now still a good time to add short.