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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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...If the dots don't connect, gather more dots until they do...

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Wednesday, March 01, 2017

Today's "Shout Out" -- 2017 SPX Target Hit 10 Months Early!

Further to my post of February 18th, the S&P 500 Index (SPX) hit this year's projected target of 2400 today (March 1st) -- 10 months ahead of schedule -- and set another new all-time high in the process!

SPX 5-Yr. Daily

All other U.S. Major Indices also participated in setting new record highs today, with the exception of the Utilities Index. It, however, is in a strong uptrend.

U.S. Major Indices 1-Yr. Daily

The following graph shows percentages gained in the Major Indices since January 1st of this year.

U.S. Major Indices: Percentages Gained Since January 1, 2017

With bullish sentiment still strong, the SPX remains on track to hit its 2020 projected target of 2700.

SPX 15-Yr. Monthly

Most world markets were also strong today, especially European markets. We'll see if China picks up the pace in the near future.

World Market Indices