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S&P 500 On Track To Hit 2400 Target By Year-End

Published 02/19/2017, 12:18 AM
Updated 07/09/2023, 06:31 AM

Further to my Market Forecast For 2017, the S&P 500 Index is on track to meet, or even overshoot, its potential target of 2400 by the end of 2017.

As noted on the Monthly chart of the SPX below, price has less than 50 points to go. Bullish sentiment remains strong, and, as of Friday's close, is confirmed by a higher swing high on the Momentum indicator, as shown on the Monthly SPX:VIX ratio chart below.

SPX Monthly 2001-2017

SPX:VIX Monthly 1997-2017

Latest comments

Hello Candy. I enjoy your articles very much! Do you happen to know of any articles further expanding on the efficacy of the SPX:VIX as a momentum indicator?
Thanks, Jeff. Take a look at my website and check the "Article Categories" section and click on SPX:VIX Ratio. You will see all my prior articles that I've written over the years and you can judge for yourself how the SPX fared over the weeks after each post.
You mean 2.400 by end of march, probably. .
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