Is SPY 700+ next week actually realistic from here?
u/neo-futurism ·
Reddit — r/stocks
· April 09, 2026 at 23:37
· ⬆ 34 pts
· 💬 56 comments
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I’m having a hard time seeing how much more upside is left from here. SPY is already in the 680s, that feels a bit stretched to me given the current macro backdrop.
My base case is that a lot of good news is already priced in, and without a real catalyst, upside from here may be limited.
The only things that make me think 700+ is possible in the short term is a credible ceasefire or major de-escalation/end of the Iran war.
Otherwise these levels feel too rich to me.
Am I being too cautious here or does 700+ next week actually seem a bit too aggressive?