SPX @ Target #1

The bounce has made it to target #1.  Higher potential remains at 2050, but this is a valid bounce target as well.  If SPX is going toward 2050 however, that would probably come in concert with the VIX hitting the 22 area per the previous update.

spx

I am now pulled away on another commitment filled day.  Just wanted to update you on the market’s bounce parameters.