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

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.

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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

Author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.