SPX | Heading Into Uncharted Territory | S&P500

Hello Traders,

Looking at a long term view of the S&P500, the predictive/forecasting model has produced the following numerical targets:

High Probability = 2335.3
Medium Probability = 2536.0
Low Probability = 2830.1

The lower the probability of attainment, the higher the probability of reversal.

Stay tuned for this multi year chart as I will update it far into the future.

Best,
Chartistry

Commentaire:

UPDATE: Decline in the first quarter of 2017.

Hello Traders,

Expect a small decline for the first few weeks in 2017. The decline will satisfy the Wolfe Wave created at the Weekly level. The reaction off of the 1-4 line will be a strong one as price continues to find its path toward 2335.3 and 2536.0.

More updates to come in the coming weeks.

Best,
Chartistry

Commentaire:

UPDATE: Hello Traders, as of this month SPX hit the first target of 2335. A close above 2335 would validate a high probability move to the next target of 2536.

I'd be curious to see here how steep this leg up will go....and how quickly it will fall.

Best,
Chartistry

Commentaire:

It has been a little over a year since I posted this prediction. We have now come to a breaking point. All three (3) targets have been hit with 2830.1 having a high probability of a REVERSAL not a pullback.