After an amazing week of recovery, it looks like the S&P 500 has stalled a bit, and the AI technology revolution promises have falled a bit short.
I am looking forward to seeing a bit of a correction in the NASDAQ and am ready to load the boat with QQQ. Analysts are calling a top around 6,000 for the S&P 500 by Q4 2024 and as the market gets toppy, the risk-reward gets more pronounced.
I made the decision to purchase some SPYU 4X leveraged ETN ahead of the interest rate decision by the FED, and will sell when the anticipated pop happens. I am also targeting VB for small caps when the drop happens. It's a good time to take some small cap profits ahead of the chop.
What is your strategy to ride this market out ahead of the election and the interest rate decision? It's exciting and I am looking at quality ETFs to scoop up for cheap soon.