SPX S&P500 Breakout or Top Out? Either way, The Bull Continues!
Euphoria would have to take hold with major progress in China Trade, Brexit, improving earnings and guidance, etc, for the overall market to continue this pace without a consolidation.
I expect a return to 2,950 around EoY 2019, but a rhythmic bounce up to 3,300 by May 2020.
Election based volatility will have a major impact. If Warren gets the nomination, expect another $2,850 test. If Biden or Buttigeg get it, expect to hold a similar upward rhythm.
Either way, the Great Bull will continue to run through 2020.
I expect a return to 2,950 around EoY 2019, but a rhythmic bounce up to 3,300 by May 2020.
Election based volatility will have a major impact. If Warren gets the nomination, expect another $2,850 test. If Biden or Buttigeg get it, expect to hold a similar upward rhythm.
Either way, the Great Bull will continue to run through 2020.
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