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$SPX – Short Term Targets and Timing – 2017 Bear Market Cycle

Saturday, February 18, 2017 9:51
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Cycles and models show that the Bull Market for SPX since 2009 is terminating at red resistance. 

Price can grind higher in the months ahead though as the topping process progresses.  The model shows that the topping process will be characterized by whipsaws and chop.

The topping process is shown forming as a double top with completion estimated in the summer of 2017.   

Daily Chart


SPX – 2017 Top Detailed Model:



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