S&P 500 Index Poised to Make New Highs In March

Guy Cerundolo

Late last week the S&P 500 Index (and broader stock market) made a u-turn and rallied into the end of the week.

That rally is continuing today and has confirmed a near-term low.

We triggered an ellipse turning point indicator today and appear poised to move higher.

The stock market reversal also comes from oversold levels.

A close over 2819 on the S&P 500 will then target 2872.

Our next money flow price target is all the way up at 3040. That would only come into play on a weekly close above 2872.

S&P 500 Chart

s&p 500 index new highs forecast bullish analysis month march year 2019

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