Our analysis of the S&P 500 is for a minor pullback in the stock market before resuming what will likely be a move to new highs. More specifically, for next week we expect a move lower to 2760, which is a rising Fibonacci level. After this market cycle ends, we will adjust our expectation to bullish, with an intermediate projection for the market to reach 2872, perhaps by August. Once it does, we will look closely at how it acts and revise our expectation accordingly.
This Week In Stocks - July 15
Our analysis of the S&P 500 is for a minor pullback in the stock market before resuming what will likely be a move to new highs. More specifically, for next week we expect a move lower to 2760, which is a rising Fibonacci level.
Disclaimer:
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