The mid-year (June), multi-year upper channel will be about 2000, and the lower channel at that point will be about 1750. That means the projected mid-year upside risk is therefore 200 points, and the downside risk is 50, from these levels. I like those odds very much. Expect one or two more mini-corrections (5-7%) between now and then. Any substantial break in trend (2-3%) on the upside could trigger a 10% correction to pull toward mid to lower channel.
Regards - Glenn