Next major target for the Dow and S&P 500

The next major target for the Dow Jones Industrial Average is 28000*.

Dow Jones Industrial Average

Target 14000 x 2 = 28000

And 3000* for the S&P 500.

S&P 500

Target 1500 x 2 = 3000

Reasoning: The Dow top of 14000 in 2007 was double its 2002 low of 7000 and roughly double its 2009 low of 6500, allowing for some GFC overshoot. The S&P high was similarly close to 1500 in 2007, compared to its 2002 low of 768 and a 2009 low of 666. Double the 2007 high of 14000 would give a target of 28000 and double 1500 for the S&P 500 gives a target of 3000.

2 thoughts on “Next major target for the Dow and S&P 500

  1. Solomon says:

    No, mate – you getting these targets completely wrong ; the markets are grossly over-priced – the next significant targets are 30 – 50 % lower.

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