Just a quick heads up that the S&P 500 Index officially reached the minimum upside objective of 2750 that I have been talking about for the last couple months.
This is based on the bull flag pattern in November 2017. See S&P 500 chart below.
Just a friendly reminder that this is a *minimum* objective which means that the stock market could certainly go higher.
That said, this price level (2750) combined with the short-term overbought condition for stocks suggests that active investors should be on alert for a correction.
S&P 500 Chart – Initial Price Target Met
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Twitter: @DKellerCMT
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