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8808 SPX Target May Be Too Low...


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#1 tsharp

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Posted 20 July 2019 - 05:13 PM

Here’s the SPX monthly chart with my methodology of defining bull markets and bear markets…

 

 

The previous bear market not shown was from 1966-1974, lasting 8-years…

 

 

The previous bull market before that was from 1942-1966, lasting 24-years…

 

 

The first bull market you see was from 1974-2000, lasting 26-years…

 

 

The last bear market was from 2000-2009, lasting 9-years…

 

My momentum indicator trend line presently projects the present bull market to continue until ~2032…

 

The lowest target I have for the final top is ~5100, though as you can see from the previous blow-off phase, which was a nearly 400% move from 1995-2000, that my ~8800 projection may still be too low – even from today’s price level… watching. 

 

 

SPX-M-7-19-19.jpg


Edited by tsharp, 20 July 2019 - 05:15 PM.


#2 LMF

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Posted 22 July 2019 - 11:06 AM

Its all time frame dependent I think......how far out. Going all the way out, assuming the SPX repeats like the previous bull markets......it should be about 23x the 2009 666 low. Or a cool 15,000 in 2033 land.....with all sorts of interim stopping points along the way.