After what has been a volatile and choppy start to 2018 I decided to take a look at a longer term perspective on the SPX. While many "experts" have stated that we are in a bear market or that this is the top of the market. In my opinion I believe what we've experienced so far this year to a HEALTHY and much needed consolidation phase. Currently it appears we are in a wave 4 and I believe we will make new all time highs late this year or early 2019. I will be targeting the key 3000 level as the next major resistance as it aligns with the Fibonacci extension as well is a critical psychological resistance. In the past the 1500 level was a major psychological which was well respected and led to the 2000's and 2008 market correction. I am expecting for us to reach the 3000 level in late 2019 or mid 2020. When the 3000 level is fulfilled I believe it will result in a larger correction in the overall markets.