Trend Check with Tushar Chande

Market Reaches My 2663 Target

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The $SPX high today (11/30) was 2657.74, a whisker away from my year-end target of 2663, a prediction I derived from my post-election model in April, and made explicit in my September 29 post (see below).  Not bad. Not bad at all.

 

Chart 1: Screen shot of my Sep 29 post.

 


 

Chart 2: The post-election model shows the most recent close is not very far from my year-end target.

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Tushar Chande
About the author: , PhD, MBA, is the inventor behind an impressive collection of technical indicators, including the Aroon and Stochastic RSI. He has written several books, holds both a PhD in Engineering and an MBA in Finance, and has over two decades of experience trading the financial markets. Follow Tushar in this blog as he highlights his new "Trend Meter" indicator and shares his analysis of current market conditions. Learn More
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