S&P500 targets 2300

A series of higher highs and lows plus the breakout from late June’s low means the S&P is now targeting 2300, according to Ron Meisels at Phases & Cycles. This outlook is supported by a rising 200-day moving average and a low VIX level. However, post Labor Day (5 Sep)  a significant pull-back is expected but the trend should resume next year.

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