My target for the SPX is around that 2000 key level. It will be interesting to see what happens.
The bullish percent should get to around 45
SPX daily to around 2000. Above that level will tell me that the market may not be as bearish as I think it is.
On this NYMO chart I just look at extreme over sold and extreme overbought. I expect this to get into extreme over bought and turn back down while the SPX continues up to test resistance.
I thought I would throw in SPXA50R as well.
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