The S&P closed at 1,254 yesterday and the S&P future is currently up 0.6% overnight. I threw some lines on a chart showing the levels to watch. If the S&P does fall to 1,120, will QE3 spark the rally to 1450?
- Thomas Lee, Chief U.S. Equity Strategist at JP Morgan, "predicts a potential move of the S&P 500 toward 1400, an increase that he thinks will be fueled by industrials, basic materials, energy and tech." - July 25, 2011 (CNBC)
- Deutsche Bank sees 15% upside potential for the the S&P 500 with a year end target of 1,550 - July 26, 2011 (Business Insider)