Stock Reversals | Has the S&P 500 topped?
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Has the S&P 500 topped?

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Has the S&P 500 topped?

With the S&P 500 coming within a few points of our June projected level of 2876, the S&P 500 hit a price of 2873 and reversed abruptly in yesterday’s session.

So the question becomes: has the S&P 500 topped?

We believe that the stock market is in a intermediate 3rd wave up from the Apr lows in a bigger Major 5th wave off the 2009 low, targeting 3020 on the low end.

Below is our chart going back to June 15th looking for an eventual 3020 low end target for Major 5. 

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