FEBRUARY S&P 500 TARGETS
THERE IS A POTENTIAL FINAL UPSIDE HIGH OF ~3200 (See Below) BY YEAR END 2018
It will take most of 2018 for the Long Term EMA's to "Band" & "Cross". This would suggest high levels of volatility throughout 2018
The Elliott Wave Count suggests that a final wave in second half 2018 could take the S&P 500 to 3200 by Year End.
We have likely put in an Intermediate top and will look for support.
Support can be expected at the 200 or 400 DMA OR hard support at 2300. Our sense is the Intermedaite lpows have been put in at the 200 DMA and a sideways consolidation over the next 6 months will begin (see Elliott Wave count above)