So how does S&P500 at above 5200 come about? A possible conjecture!

I know most of you have been reading reports on Goldman and many banks projecting S&P500 to be 5200 or etc in 2024! Just for you to reference. One possible reference is due to the Cup and Handle projection.

See the weekly chart.
Cup and handle formed and the target of the handle breakout is typically the same distance as the cup depth.
Which points to S&P500 going to 5200+

Not saying it will be now or next week or Jan 2024, it could be entire 2024, but technicals does point to it being possible.

Just note!
1. Bulls take the stairs, Bears take the lift or jump out the window!
2. Bullish actions do not just go one direction, it goes in waves
3. Parabolic moves up does mean steep downs too

Good luck, all!