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Jake Wujastyk, founder and CEO at TrendSpider, predicts that a continued upward move in SPY could push its price into the $800 to $820 range by August.
This outlook reflects Wujastyk's assessment of market momentum for SPY, SPX, and ES_F.
Wujastyk has previously weighed in on a range of market milestones. Earlier, he estimated that GME could reach $50 or more based on new calculations. In a separate note, Wujastyk pointed to SOFI facing an important test over the status of its phase 2 trials.