The S&P500 reached our target-box in yellow and dropped like a stone. The impulsive sell-off confirms our primary scenario. Our next target now resides at 3262 points, bevor the bulls have a Chace to push back. We give the scenario in which the market stabilizes, in the range of 3262 - 3075 points, a probability of 38%.
Should the S&P500 reach the blue target box at 2883 points in our primary expectation, then this would be a tremendous long-term buying opportunity. Long-term, we see the S&P500 getting to 5000 points.
Feel free to share your thoughts. Happy to discuss the next move.