BarroMetrics Views: S&P On Track 2560-2640
The Upthrust Sell signal triggered on May 17 looks like being negated: I need only see a bullish-conviction close above 2418 to say that has happened. That would confirm that the strategy suggested in “Trump & the S&P…” was correct.
Assuming we do see a bullish-conviction close above 2418, then there is a strong probability we’ll be seeing 2560 to 2640. If we do see those prices around end July, early Aug, then we may have a possibility of a top.
In the meantime, I’ll take the view of ‘long or out’.
FIGURE 1 S&P 18-day Swing