S&P 500 monthly-expect targets 2250 and then 2295 for December 2016

S&P 500 December 2016 outlook

S&P 500 December 2016 outlook

S&P 500 index on last trading session closed at 2191 with loss. S&P 500 price trend and momentum for month of December is bullish. On downside 2165 is major pivot support and above it traders must keep buy on dips strategy.   For month of December 2016, my S&P 500 futures targets are 2250 and then 2295. In short term expect some correction and consolidation and then primary trend will resume. Weekly closing below 2165, will alter trend and major correction phase will start. In that scenario, S&P 500 future might show lower levels up to 2120 and 2040.   From medium to long term view, S&P 500 future above 2170 remain bullish and buy for my long term target of 2287.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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