S&P500 set to PULLBACK to $2,536, China data positive

FX:SPX500   S&P 500 Index
My concerns of anything more than a pullback are subsiding, Chinese PMI is in expansion once more which is confirming that the majority of poor economic performance is likely finished.
Over the next 6 months we expecting to see hard data underperform, compounded with a rising dollar it is a headwind for equities.
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Really appreciate that @gvoommen, thank you!
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I don't see a pullback of this magnitude as it is too bearish.
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@gvoommen, you could be right! The surprise numbers out of China suggest the global slowdown has ended.
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gvoommen Rob.Reynolds
@Rob.Reynolds, I don't think it has ended, we are at the very late stage of economic expansion. When I hear massive job losses in US, China, etc. then I know we are getting very close to capitulation. Until that time, we will have some sort of zig-zag/irregular pattern playing out for months. The resilience of the stock market to go up, has definitely defied many investors :)
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@gvoommen, couldn't agree more Geroge! I still very much expect higher highs, I would, however, find it difficult to buy in after a 22% rally. I am finding a lot of specific companies with catalysts that have great valuations/growth/chart patterns that I'm more focused on at the moment. Pullbacks in precious metals will also offer a great opportunity I believe.
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