Sorry, man, too much distractions. I ain't shorting this beast. Even if we do pull back, it will probably stall out at the dashed line (which coincides with 2022 ATH) and shoot right back up. As for the likely price target? Who knows, anything can happen, now that we've broken out above the previous ATH. However, it's worth noting the Cup & Handle pattern in the following chart. (But, c'mon, 6273? Seriously? Ya never know .)
I'm in a waiting mode to see what the others will be doing. The way the market was moving today, it looks like everyone else is doing the same. We'll likely trade flat until Friday when the PCE numbers come out. Until then, hunker down and wait.
So far so good. Now lets see if we can get a nice drop before the close. Of course markets only go up so we won't hold our breath.
What about Schizo's target? [Edit: it's just one Roosevelt/Reagan away ] I always enjoy your statistics, Laissez Faire, but in this particular case (Presidential elections), I think that the sample is too small to be significant for trading. I guess it has a lot of entertainment value, though, because journalists seem to love these. Best trading to everyone.