The current market is presently an amazing analog to the late 2010/early 2011 time period. If this analog continues the S&Ps should grind steadily to 1,500 over the next four to five months.
I must add the caveat that seemingly analog years can stop being analogous at any point in time. It is possible that the current overbought readings in the S&Ps could lead to a sizable market correction. Yet, I believe it is the market’s fear of just such a correction that will continue the analog.
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