If This Rally Extends, Here's the S&P 500's Upside Target — Barrons.com

By Doug BuschThe S&P 500 closed Wednesday at 7,706, just over 1% below its August 13 record peak of 7,799, maintaining solid year-to-date and 12-month gains of 13% and 16%, respectively. This sets up the central tactical question for investors: whether current price action represents a routine cons…