Monday, August 1, 2011

Stock Markets Update 8-1-11

Market Analysis, Forecast 8-1-11, SPY Chart
I commence with my gratitude to The Creator

Markets shot up and then tumbled to retest the lows of 07/29, the Friday.

See attached chart, I believe that was the last of the sell-off, which was to wash-off last of sellers. The low of today must not be violated to keep the rally in force.

2 comments:

Anonymous said...

Thanks Mr.Syed.

Patrick.

Timer said...

How to reconcile the bullish call with the impending transit Mars T square to Uranus and Pluto in the second week of Aug.