Monday, 1 April 2013

SP500 target 1587

Will the SP500 break above the all time high 1575? Time is running out as most highs are reached in April. I am looking for a spike to 1600 in the next 4 weeks. prior to a 5% pullback to 1520. If the market can not break 1575, then the pullback should reach 1495 in May/June .

Note: Long term Highs max out on average 3% above the last high = 1622

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