Wednesday, October 4, 2017

Nearing upside target, what now?

Mid-week market update: Back on July 19, 2017, I wrote about using point and figure charting as a way of projecting an upside SPX target when the index stood at 2473 (see What's the upside target in this rally?). Using different sets of inputs that represent different time horizons and risk tolerances, I arrived at a target range, and a median upside target of 2561. The final targets were roughly the same whether outliers (highlighted in red) were removed or not.

Now that the index is within about 1% shy of the median target, what now?

The full post can be found at our new site here.

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