Sunday, August 9, 2015
Assuming we've topped in the $SPX, where and when does the model place the next important bottom? The next bottom of equal importance to the ones in 2002 and 2009, if the current topping process plays out, is at around 520 on the S&P 500 and the ideal date, is around 7/7/2021. That is the ideal date of course, and it might be ahead or behind that date by a few months. Price will be the more meaningful measure so when we get near 520, the bottom should be in.