Technical charts signal a faster march to S&P 3,000

There is no question that our expectation years ago was that the S&P 500 was likely destined to strike 3,000 and beyond in the coming years. However, I certainly didn’t expect it to strike that region in the first half of 2018. Yet the market seems as though it is on a path to do exactly that.

With the S&P SPX, +1.18% attaining the 2,850 region in January, I have noted that I would have to strongly consider the more aggressive bullish pattern I presented a few weeks ago, despite the lack of standard pullbacks in the pattern I would have to adopt to support such a move.

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