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Today's "Shout Out": 2017 S&P 500 Target Hit 10 Months Early

Published 03/02/2017, 01:36 AM
Updated 07/09/2023, 06:31 AM

Further to my post of February 18th, the S&P 500 Index (S&P 500) hit this year's projected target of 2400 today (March 1st) -- 10 months ahead of schedule -- and set another new all-time high in the process!

SPX 5-Yr. Daily Chart

All other U.S. Major Indices also participated in setting new record highs today, with the exception of the Dow Jones Utilities Index. It, however, is in a strong uptrend.

U.S. Major Indices 1-Yr. Daily

With bullish sentiment still strong, the S&P 500 remains on track to hit its 2020 projected target of 2700.

SPX 15-Yr. Monthly

Most world markets were also strong today, especially European markets. We'll see if China picks up the pace in the near future.

World Market Indices

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