Thursday, January 23, 2014

Here Comes S&P 2,000 - Stock Markets Forecast 01-23-2014

With my gratitude to The Creator

Here Comes S&P 2,000 - 

Stock Markets Forecast 01-23-2014


I have alerted you on October 10, 2013 for an impending strong bull run/rally, when market was trading at 1,656.40. Market ramped up the gains since then. I had followed up with another post published on 10-21-2013, that once 1,760 level is cleared then look for 1,802-1,812 price targets. My first target of S&P price of 1,802-1,812, was achieved on 11-18-2013. The price range of 1,802-1,812 proved to be strong price cycle and kept the stock markets at bay for about a month. During this consolidation, Markets came back to test my balance point, which I specifically stipulated  and it was at 1,760-1761 range. S&P came to the range and made a low at 1,767 and rallied a strong run up on 12-18. That balance point was so strong that it pushed the markets high decisively. 

On 01/01/2014, I alerted you for an upcoming consolidation, "My proprietary indicators are showing that the market looks tired and shall pause. S&P might even come back to test the highs of previous consolidation the range of 1,805-1815" I further added, "I think pause might last 7 days or even up-to 3rd week of January."

Today, is probably the last day of the consolidation, and I expect the market to make stride to get out the consolidation. 

As I stated to you earlier, that I am bullish on the stock markets and is expecting a very strong and the last rally of the recent uptrend. 

Get ready for S&P 2,000 target. Market shall rally till the middle of the March.
 PS. Yes, I remember that I have to update the Gold and Silver Commodities Forecast. Time has not arrived yet.. Soon, I shall post an update for an impending giant move in commodities.

7 comments:

Anonymous said...

Thank you kindly Syed. And God bless you and your family.

mika zman said...

I strongly suspect your analysis is wrong again. We are done here. From here on now it will be onwards downwards. We still need technical confirmation, but I believe that process has already began today.

LONG GOLD
SHORT SPX

mika zman said...

I strongly suspect your analysis is wrong again. We are done here. From here on now it will be onwards downwards. We still need confirmation, but I believe that process of confirmation has already started today.

LONG GOLD
SHORT SPX

Anonymous said...

market is making strides alright, downwards
my proprietary indicator is saying a fall again to your 1816 levels today or tomorrow

Triple Water Astrology said...

Thank you so much for the update Mr. Syed...I appreciate the "hand holding" as I continue to try to learn Gann methods and train myself to be emotionally divorced from trading. I hope to retire someday! Mike

Anonymous said...

Gold has started the big move

Anonymous said...

Anonymous #1

GOLD is a few days from it's next top! DOWN SHE GOES!