Record highs in SPX have corroborated the July breakout, turning the Autumn correction into a normal retest of the breakout zone.
A Head & Shoulders continuation pattern – of cyclical scale – projects to 2440 or higher. Not too late to buy the inevitable dips.
Chart 1. “Measured move” suggests 10% upside
Chart 2. Breakaway momentum suggests 10% upside
Chart 3. The trend is your friend