S&P 500 Price Targets for Low

Last Fridays post indicated that a short term stock market top was probably made the previous day on 10/15. On Monday 10/19, the S&P 500 made a slight closing high above the previous weeks high. That was the highest closing price of the week with the market now near the lows of the week as this is being written.

Stocks look highly probable to have a continued decline into the early or middle of next week as the C wave of a zigzag completes. The fib price targets for the low are 1062 and 1050.