Stock Market Overview: Here’s Where the S&P 500 Is Heading Next Rich Ross- February 12, 2018, 2:54 PM EDT SHARE ON: Bullish exhaustive reversals and twin false breaks below the 200 day strongly suggest correction is over. S&P Targets 2,700 very short tem with upside to 2,800 from there in short term V Double Bottom rally. Technology remains in an outstanding position absolutely and relatively. Growth has outperformed value by 350 bps even as rates and inflation have moved higher. Inflation?? 10 Year yields have not closed out a quarter above the 50 quarter MA in 32 years. Comes in at 2.94. 30 Year has failed into resistance; 2/10’s into resistance at the 200; 10 Year Breakevens false breakout. OAS HY Spreads still tight, lower highs, lower lows. IG CDS in a downtrend, but take out the 200. USDJPY on support at 108, but breaks lower (stronger) dragging down yields. Lower conviction, but my call. An intraday break of 2,593 (not my call) could open the door to a retest of the lows. Just saying. Absent that, Stocks rally, Yields/Inflation come off, Curve flattens, Dollar eases, Eruzione scores the winner.