11 days ago • Posted by William Ramstein
#S&P500 rally continues to press on, as #SPX finished within a point of #All-time-highs; #Breadth wanes, as #Defensives show some strength.
Elliott-wave projections from back in October suggests a move back above 4718 could mark a short-term peak. This could result in some consolidation which could retrace up to 50% of the move from October before markets can push higher into December. Near-term, though, and a push above 4718 looks likely with most likely target nearing the 4750 region.