S&P is at 2808. I had predicted 2811 by June 16. If it hits 2811 today or even this week, that is months ahead of my prediction. Usually, I get the number right, but get the timing wrong. My timing is still off, but at least it is closer to hitting the target sooner than later.
My upside target is 2931. It would be nice if it hits that target sooner than later!
Quote:
Originally Posted by highnote
A month ago I posted that my average target for the S&P is 2811 by June 16, 2019 -- a 15% increase from the close of about 2468 on December 26, 2018. The maximum upside target is 2931.
S&P currently stands at about 2770. There is still some upside remaining, but the big run up might be over. However, if this bull market lasts longer than 6 months and runs through September then there is still another 150 points to the upside to be captured.
I don't have a good probability estimate to the downside, but the old 80/20 rule might apply. There is an 80% chance SP moves higher by June and only a 20% it is lower, black swans notwithstanding.
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