I believe 2490.9 just short of 2500 will be the high of the year (This of course saying we don't get tax reform and repatriation from the US administration) We should see increase and from here see a correction of sorts. This correction could last going into next year.
Long term levels that I will be watching:
- 2490.9 This years highs
- 2330 Key level to watch for support with a dipper correction. Note, This would only be a 6 1/2% correction from the high.
- Below that a move back to the lower that encompasses the whole 9 year move.