vduquenne
Short

The S&P peaked in 2015 and should retrace in 2016 to former top

FX:SPX500   S&P 500 index of US listed shares
56 0 1
A double bottom was made in 2003             & 2009. In 2013             we broke its neckline and created till end 2015 a new structure high. A healthy retracement should occur towards former top or to the golden mean of the last bullish move.Only end 2017 a new bullish move should occur . . . let's wait & see . . . ;)

So Target 1 (in 2016 on monthly base) : 1576.9

And Target 2 (in 2016 on monthly base) : 1230.2


https://www.tradingview.com/chart/2QGGZ3Ia/
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