+785 pips in the 2nd week of January 2018.
For the month we’re up 1350 pips.
Some funamental about the S&P500;
The main message is that no two bubbles are created equal, but they do have similarities.
In the next 21 months, the peak of S&P500 could be reached and a bear market can happen.
If we measure the launch point from the 2106 U.S. presidential election, we have about eight months left if the acceleration phase is average. The projected target range of 3400-3700 as a final peak for the S&P 500 before a 50 per cent (or so) correction takes the markets back to election night lows. The S&P 500 closed at 2,140 on election night. A 60 per cent melt up from that point takes us to about 3,400-3,700.