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S&P 500 Index

S&P 500 - How high can it go?

By Dr_Roboto
Updated
It is just an amazing rally since last year when you look at it from this perspective. What rational person would have predicted that the largest worldwide crisis in a century would lead to one of the largest market rallies in history? The crazy part is that it does not look like it is going to stop any time soon. How much higher can it really go?

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Here is my guess at what could happen. However, I don't know what would cause such a drop in the next few weeks. It is just that a common pattern is for a stock to retest its linear regression channel before making a wave 5 push.

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One last thing. Here is the S&P 500 stocks above the 200 day average. Note that it is the highest it has ever been for the data on TV.
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Chart PatternsDJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis
Dr_Roboto

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