Neon

SPX Roadmap Update Nov 2016

TVC:SPX   S&P 500
397 0 3
Trump impulse triggering massive domestic procyclical sector rotation
Comment: Interesting analog with Reagan first election: SPX made a low Friday before election week, and then rose 13% for 4 weeks before making a tactical top, then declining into 1Q17 where marginal break of the low was made (similar here will be 2070). So then we could expect further rise into early Dec, if it is close to this magnitude, will be a bog surprise
Comment: If it follows the Reagan analog, then 2230 into early December will be achievable. Noone expects that and will be a positive shocker
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