SP500 first target 1840, next 1680# Stock
N*p
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Point & Figure Chart target based on elliott wave, just a reference.
This translates to 9% or 17% correction.
Traditional scaling 1840:
http://stockcharts.com/def/servlet/SC.pnf?chart=$SPX,PLTADANRBO
ATR scaling 1666:
http://stockcharts.com/def/servlet/SC.pnf?chart=$SPX,PLAADANRBO
Percentage scaling (1%, 1.5%, 2%) gives 1681 - 1686.
This translates to 9% or 17% correction.
Traditional scaling 1840:
http://stockcharts.com/def/servlet/SC.pnf?chart=$SPX,PLTADANRBO
ATR scaling 1666:
http://stockcharts.com/def/servlet/SC.pnf?chart=$SPX,PLAADANRBO
Percentage scaling (1%, 1.5%, 2%) gives 1681 - 1686.