Post Content Post navigation On August 14th, our 5450 target was met, but we raised our target AGAIN. As capital rotated back in from the sidelines, upside in the S&P 500 accelerated. We called for 5650, just 2 points above where the index closed on Friday. That was +470 points in 20 trading days. (6/9) On August 9th, we published the below update for our clients. It was clear that the low was in, as written in line #1, and we raised our target to 5450. Often, capitulation comes when we see a 3-5% down day, but close ABOVE the lows. We were up +200 points in 4 days. (5/9)