SPX medium term obj of 2550 area, based on sustained crossing of 3day avg of FLD216 (equivalent to change of slope on 216day/43week MA). This change of slope from positive to negative occurs when price has moved 50% of total pending move on cycle twice the length of FLD, i.e. 432day/86week. Assuming last low was in Aug2017, the next expected low is week 19 of 2019, or May 2019.
A nesting of cyclic lows is expected nominally for 22week of 2019, including the 3.3yr/172week. Possibilities exist, without tech evidence yet, of a low below 2000 at that time.
Oddlot
Stay on the right side of the cycle!