How Schwab Network’s view on $SPY changed

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2026-09-24Bullish

“KG on Key SPX Levels as Yields Tap Historic Metrics; U.S. & China Extend Trade Truce”

S&P 500 exhibits bullish technical structure (flag breakout, VWAP support) indicating potential upside.

If you are looking at the E-Mini S&P 500 index, and if you are one of those day traders, it has been trading above the volume- weighted average price since last night. So, this is actually a somewhat positive sign .

We are trying to recover a little here. You need to stay above the average daily volume-weighted price to give a little confidence that you are actually able to recover some of these levels.

Watch the source00:28

2026-09-21Bearish

“McAlvany: Market Seeing "Best Set Up for Gold Ever," Silver Offers More Torque”

SPY's current high valuation metrics indicate poor long-term return prospects (low to negative) over a 5-10 year horizon, despite potential for further near-term gains.

you anticipate a potential 30 to 50% drop in the S&P 500 and Nasdaq indices. If you measure today’s markets, the S&P 500, uh , according to a variety of metrics, whether it’s the KIP or Q ratio, the long-term valuation measures are three standard deviations above average.

This represents 99.7% of all times. We have only experienced this level of inflation in very few periods in the history of the markets. So , if you're looking at long-term returns over the next five to ten years, uh , this isn't a good place to start the journey.

Ah , your returns are likely to be low to negative during that time period, 5 to 10 years. Therefore, the rating is important, the price you pay is important, and these are very high ratings. Can it rise higher? certainly.

Watch the source00:25

2026-09-01

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