π Daily ETF Overview
The S&P 500 is just a stone's throw away from all time highs.
The broader market began its correction shortly after the S&P hit its 161.8% extension from the decline earlier in the year; if SPY can reclaim its former highs, the new target sits at 815.
A breakout to new highs would confirm the trend is back on, and that has big implications for the laggards. The areas that were hit hardest would likely see the strongest rebound if momentum continues rotating into risk-on assets.
Weβre entering the window where ASC historically finds its biggest winners.