A Brexit in June might force a market fall that large ... but I doubt it. The USA has excellent earnings projections in Q2 thru Q4 of 2016. There is nothing happening in March that would drop SPX to 1786. Wake up Tom DeMark, you were having a nightmare.
Why Tom DeMark is predicting an ugly March for the S&P 500
The worst isn’t over for Wall Street stocks. That is at least how respected chart-watcher Tom DeMark sees things possibly unfolding as investors get ready to close the book on February and head into March. DeMark, who founded his eponymously named data analytics firm in Scottsdale, Ariz., is predicting that stocks are in for a big fall. That’s highlighted in his view of the S&P 500 SPX, +1.13% which he sees dropping 8% to 10% from current level to around 1,786. The broad stock-market benchmark could tumble to 1,733, if things get really ugly, he said. His gloomy call was briefly highlighted by MarketWatch’s ... (full story)