Multi year uptrend target range is projected at 1,600-1,620

The current bull market began on March 9, 2009 from a low of 667 on $SPX. The first wave up ended at 956 on June 8, 2009 (289 points). Based on this first leg up, our model projects 1,602 – 1,604 as the multi year uptrend high on $SPX.

The current uptrend that began on December 31, 2012 at 1,398.11 is projected to end 1,618 – 1,624.

The leg of the uptrend that began on February 26, 2013 at 1,485 is projected to end at 1,617.

The last leg of the uptrend that began on March 19, 2013 at 1,538.57 is projected to end at 1,616.

In conclusion, our analysis suggests the convergence of many different waves, starting as early as March 9, 2009 and as late as March 19, 2013, at the range of 1,600 – 1,620.

The length,in terms of time, of this bull run that started in March 2009 is now just over 4 years. The average length of bull markets over the last century is 3.8 years (median = 3.6 years). Therefore, we may be dealing with a "mature bull that may be getting tired of running".


A close below 1,537 invalidates the above mentioned target.

DISCLAIMER: This blog shall not be perceived as investment advice. This is a personal diary of our thoughts on the markets. Consult a professional broker or adviser before investing.  Any opinions, news, research, analyses, prices, or other information contained on this blog are shared as personal thoughts and provided as general commentary only.