Stock Market Forecast Update

Stock Market Forecast
S&P-500 Daily chart 9-6-12

It is the Time to Go Long Now..!

I commence with my gratitude to The Creator

I had previously forecasted that Markets shall go higher to next levels of profit taking resistance and finally 1,500. Markets have been consolidating to gather up the strength to launch next leg up higher, in the face of all the constant bad news coming from credit crunch in Europe, as I have forecasted. Interestingly enough, the pull back could never break below the previous swing highs, rather 1,390 area has acted as support for the recent consolidation and pull back.

S&P Forecast 9-6-12

It is the time to go long... now..

All indicators pointing to a jump up high over and above the consolidation area resistance. See attached hourly chart, that market has been finding supports at my proprietary system time cycle lines. Once the market jumps above, which shall be on 09/06//12 or 09/07/12, above the 1,414 area, then leg up is imminent.