All-Time Highs Coming: Then Get Ready

We Have Our Sights on a Final Target

In our most recent weekend SubStack post, we sketched out two potential paths for the market’s near-term pullback.

Each outlook anticipated a Sell Signal near the 6,700 mark on the S&P 500. In my preferred path, that would lead to a retracement down to around 6,550.

Remarkably, events unfolded right in line with our projection: the index peaked at 6,699 on Tuesday before sliding to a low of 6,569 by Thursday.

With the Daily Sell Signal now fully completed and reversing higher, conditions are primed for the market to push toward fresh record levels.

In this edition, we’ll tackle just how far the rally will climb, and when we could see the onset of a more substantial pullback.

I’ll break down answers to both, followed by a handful of stocks that just flashed new Buy Signals, ideal for Monday’s open.

Let’s get into it.

This Week’s Forecast

As anticipated in last weekend’s SubStack, the Daily Sell Signal fired on Tuesday, driving the market down to just 19 points shy of our 6,550 target—bottoming out at 6,569.

The Daily Buy Signal then activated on Friday, sealed by a decisive close above the S&P 500’s 6,615 level for confirmation.

With this anticipated retracement now in the rearview, the real excitement is just beginning—at least from where I sit.

My outlook: a swift rally to eclipse prior all-time highs, followed by the most pronounced pullback since the Weekly Buy Signal ignited on April 7.

It’s been a blistering ascent from 4,835 to 6,700 thus far. Buoyed by Friday’s Daily Buy trigger, the index should power through 6,700 with ease, etching yet another record high.

Now, let’s dive into the Time & Price projections: the ceiling for this surge, and the shape of the ensuing pullback once it wraps up.