The numbers I used from January were: Head 640, Neckline 868, and the target came out to about 1,100. As you can see on the chart, we are now in the target area. The big question is where do we go from here?
Several intermediate term indicators are showing higher risk on the long side now. I thought we might see 1800 on SPX by Thanksgiving, but a big reversal like we had today doesn't look too good for the bullish case. I still think it's possible though... because so far, the SPX is right at the 20day SMA, and the RUT is at the bottom of it's daily chart BB.
Tomorrow might be a pivotal day.... stay on your toes and trade safe.