If the bulls decide to reappear,
then upside target seen at around $ 11,780, February 20 high, further north $ 13,000, the high printed on 20th January.
Not exact matches
This value is
then projected upwards above the W peak to give the long term
upside target.
This value is
then projected upwards above the W peak to give the long - term
upside target.
Therefore, given current moves,
upside targets could be eyed at $ 670.00 and
then $ 700.00.
If you can
target the
upside while protecting your downside
then investing becomes much less emotional.
At your age I would increase my bond exposure to 20 %, leave 80 % in equities to capture as much of the
upside as possible, and invest any new money into bonds until either it reaches its
target or a specified amount of time has passed (ie give 2 years for equity recovery
then rebalance).
However until
then, there is very little evidence of anything other than consolidation for a move into the
upside targets particularly in the DJIA and S&P which are yet to acquire their smaller
targets.
If these
upside levels are broken,
then we would look to the prior closing prints and former highs from two weeks ago, at the close January of and the open of February, for our
targets and potential resistance.
But how often do I expect to buy, hold and
then sell at my price
target, thereby realizing the
upside potential I've originally identified?
Notwithstanding, if the bulls» breakout to new lifetime highs,
then the next
target objective on the
upside is a rally to $ 497.53.