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Extract of the latest S&P 500 consideration - GUNNER24 Forecasts, 03/19/2017:


"The ATH of March-1-2017 seems to be extremely important. It might be matter of a very significant high, a possible 1 and 8 year cycle high!, correspondingly perhaps being strong enough:


A) at least to ring in a distinctive sideways phase that doesn’t have to correct deep in respect to the price development. Yet it might last several months just like actually the majority of the breathers within the 2009-2017 bull market.


B) If time - possibly combined 1 and 8-year-cycle high – meets price - Main Bull Market Target 2350-2388 – in that case, also bearish developments are allowed and even to be expected.


==> BA) A deep correction according to the price began at the ATH. In that case, most certainly a backtest of the year 2016 closing at 2238 pts would be implied during the coming weeks/months.


==> BB) The maximum extension of the Bull Market was reached at the final 8-year-cycle high on March-1-2017. Thus, a new multi-month bear market may have begun at the ATH."


==> Today, this leading index seems to me more and more likely to choose the option BA), thereby being on the agenda only just one backtest of the year 2016 closing and 2017 open area at 2250-2260 index points by the end of the current correction cycle before the alltime-high (ATH) should be tested most seriously, then and in the further course of 2017 and some further higher ATHs will spposedly be attained with a 45% of probability.




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