2 Mar 2016 - 20 / 20 Vision

Is it a clear view for the SPX that the next target is 2020?  From where price sits, there are no other moving average to stop it on its tracks.  The only one with the only chance is the 61.8% ret. at 2000.  So now all we are really talking about is a difference of 20 SPX pts.  Seems like 20 is the number that has been on notice.. 2000, 2020.. etc..   Maybe we might get a 20% correction here then? LOL.

The intra-chart has now formed a small neg. divergence, but as we know divergence is not a certainty that a trend would happen in and of itself.  The risk of more upside potential is still there, but the risk has abated from when prices were at or close to the previous lows.  While I believe that we are nearing a top or resistance, it is prudent to wait until we get confirmation.

Our ST has again been a very good marker, and should serve us to follow it.

SEN: Bearish
ST: UP
PA: UP