Inspite of all the global weakness, global stock market have rallied on the hope of easing and Fed have given the market "QE infinity" to keep near all time high. S&P500 have rallied 16.7% year to date, 25% in 1 year and 113% from march 2009 lows. Because of formation of ultimate death cross in S&P500, New PT for 2012 is 1275.
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| Forming ultimate death cross in s&P500 |
The only way S&P500 can survive crash in coming day is by rallying to 1500.67. 1385 is first short term target.
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| First short term target on S&P500 is 1385 |
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| S&P500 - 1275 Long term target |
