Technical analysis puts spyi in an ascending channel pattern, reinforcing a short-term forecast of $475–$490, dependent on sustaining buy-side volume above 20-day averages. Bull vs. Bear is a weekly feature where the VettaFi writers’ room takes opposite sides to debate controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition of Bull vs. Bear, Karrie Gordon and Nick Peters-Golden debate whether alternatives, commonly referred to as alts, deserve portfolio allocation in 2024. As of April 30, 2025, analysts offer a spectrum of projections for the S&P 500, reflecting both optimism and caution. SPY, as the primary vehicle for tracking the index, stands at the center of these forecasts. In current trading, spyi shows a 0.8% week-on-week gain, with technical charts indicating a possible breakout above its 50-day moving average, supporting a near-term upside in the stock price forecast.