SPX - Maximum Scenario Before Collapse in 2016

1966 is key pivot:
- As long as closes occur above 1966, the bull structure is intact.
- The next 4% upward are challenging but after it could follow the path described in the chart.
- 2160 could be last top in Oct15.
- Conversely on closes below 1966 > watch out.

Note:
- In this projection, the year end close would occur at 2070 – A flat year reflecting balanced pressures this year.
- Strong assumption: The black bold line shall not be breached going forward.