S&P 500 – Biotech – DJ-Transportation
​S&P Cycle Turns Upwards – Positive Outlook Challenges Consensus
Earlier last month, the S&P benchmark index traded down into measured targets completing an important low at 1812.29 (see Update Alert! dt. January 21st). This ended a three price-swing decline from the May ’15 high of 2134.72 and is typical of a counter-trend phase coming to completion. Whilst this has already begun a decent recovery with minimum upside targets to 2001.35-35.55+/-, there is reason to be even more bullish for the next several months.Â
S&P 500 – Biotechnology – DJ-Transportation | Update Alert!
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