AUGUST 2018 S&P 500 TARGETS
THERE IS A POTENTIAL FINAL UPSIDE HIGH OF ~3052-3200 BY YEAR END 2019
IN THE SHORTER TERM A SUPPORT TEST OF ~2500 (400 DMA) IS POSSIBLE BUT A LOW PROBABILITY
AUGUST ELLIOTT WAVE: COUNT APPROACHING TERMINATION
However, the Elliott Wave Count suggests that a final wave in second half 2018 could take the S&P 500 above 3000 by Year End.
It will take most of 2018 for the Long Term EMA's to "Band" & "Cross". This would suggest high levels of volatility throughout 2018