SP500 2075 has made a strong recovery since the lows of 1867 in August 2015, up over 10% in 2 months. A pullback to 1950-2000 would not be a surprise, especially if the Fed scares the market this week. Watch for any close below 2040 on a daily basis. Target range is 2350-2400 by Q2 2016.
FTSE 6444 upside limit is 6900. A test of the breakout and a pullback to 6100 would be similar in magnitude to 2011. Upside target is 7000 by March 2016.
The next Bear market is only around the corner. Looking for at least a 33% pullback to 1600 (SP500) and 5000 (FTSE) in the next 1-2 years.
FTSE 6444 upside limit is 6900. A test of the breakout and a pullback to 6100 would be similar in magnitude to 2011. Upside target is 7000 by March 2016.
The next Bear market is only around the corner. Looking for at least a 33% pullback to 1600 (SP500) and 5000 (FTSE) in the next 1-2 years.
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