Base case is that the bull market will continue, rallying off support. This view is based on Elliot Wave
principles. Pattern and projections remain valid as long as SPX
remains over 1694.43, the 1.236 extension of waves I-II. Target is a new ATH
2300, potentially as high as SPX
2669. Subsequently, SPX
should return to the same support level
(1694-1905) again in wave IV.