SP500 1835 closed again above 1820. A follow through next week will give a target of 2250 in 2014.
Bull case would see the market holding around 1850 for the next 3-4 weeks and then a move up to 2000-2050 by mid May before a small summer pullback to 1950 and then another 300pt rise to 2250 in Q3 2014.
Bear case would see the 1850 act as resistance with small pullbacks in March to 1750 and bounce back to 1850 in early summer, before a bigger fall in the 2nd half of 2014 down to 1550
So let's see how the market is at the end of Q1 2014...................
Bull case would see the market holding around 1850 for the next 3-4 weeks and then a move up to 2000-2050 by mid May before a small summer pullback to 1950 and then another 300pt rise to 2250 in Q3 2014.
Bear case would see the 1850 act as resistance with small pullbacks in March to 1750 and bounce back to 1850 in early summer, before a bigger fall in the 2nd half of 2014 down to 1550
So let's see how the market is at the end of Q1 2014...................
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