Here’s Where the Stock Market Will Top Out on the S&P 500

OK, so it may or may not be this week after the FOMC announcement. But this report gives you a couple of S&P 500 stock market top out cycle projection targets and a couple of keys to watch to signal whether the trend will continue or reverse.

We’re still long our suggested SPY call trade that triggered last Monday.  I have raised trailing stops on that to protect the profit.

I also am suggesting a put trade for later this week if certain conditions are met. This report spells out the conditions that would trigger that trade.

Technical Trader subscriber, click here to download the report.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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