Grinding up: Possible – 50% probability – that is really the philosophy of what is going on right now. 7 weeks so far, could last another 4 weeks and climb 30pts (1.5%).
Correction: 2010, 1970, 1940 or as low 1914 – 40% probability.
Below 1900 - Fasten your seat belt over 4 days
If markets go up from here, EUROPE COULD OUTPERFORM THE US by a multiple of 2 to 3.
SP500 has a interesting target at 2140 away from weekly or even monthly dynamics.
If the rally persists (whichever the path), it could reach 2200 in jul15. We are talking of 7% upside over 7 months.