NOVEMBER S&P 500 TARGETS
TARGETS
S&P500
WE REACHED OUR INTERMEDIATE TOP TARGET OF ~2570
WE CAN NOW EXPECT A YE / YB CORRECTIVE CONSOLIDATION
INITIAL SCARE ~ 2.5 -4% ( 2470
CONSOLIDATION INITIAL DOWNSIDE MOMENTUM TEST ~ 8% ( ~2360)
CORRECTION ~ 10% (~2300)
THERE IS A POTENTIAL FINAL 2018 LIFT TO ~2575 (A Double Top) OR A HIGHER HIGH OF ~2800 (See Below) BY Q2 SPRING 2018 EARNINGS SEASON
[A Break of 21,800 in the DOW Would Indicate a Final Top Is Likely In]
(The Final Lift Could Be higher with a Coordinated Central Bank Rejection of Quantitative Tightening - QT)