SPY S&P 500 ETF Price Prediction

On March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.

In this context, my price target for SPY is $386 by Mid-April.

Looking forward to read your opinion about it.

Trade fechado: objetivo atingido:

SPY perfectly reached our price target! Trading at $384.33 intraday!