SPY $607 Calls 5/16

Hoping for a more experienced options trader to provide insight as to S&P’s latest price action - can we reasonably expect a bounce back to ATH territory within the next month or so, or would it be worth cutting my losses once 45 DTE rolls around?

It seems as though these price fluctuations are pretty on par with recent history, although there is chatter that “this time is different” due to concerns about tariffs and consumer spending. From what I personally recall, the economy doesn’t really seem all that different compared to the last 8 months, but it could just be me - maybe you know something I don’t! We have every reason to believe that the S&P is guaranteed to rise, despite going through hills and valleys, as it is reflective of America’s economic performance as a whole. Doubt we’re going anywhere anytime soon, unless some sort of cataclysmic event happens.

My personal price target is around 620 by May 1, solely based on TA in a vacuum, but I could be missing something here. That’s why I wanted to turn to you guys for some additional guidance. Looking for a productive discussion in the comments, serious answers only please :)