Monday, May 16, 2016

Another new leg up to above the all-time highs of 2134 for the SP500

Since the last post where I was expecting an important medium term bottom, the SP500 has since rallied 16%. I did commented in March 23rd to anticipate a 3 to 5% pullback... that didn't happen until a month later. So now that a 3% correction has occurred the market condition is setup now for another new leg higher. Looking for a rally to new all-time highs in the coming months.