Wednesday, April 4, 2012

Stock Market Update 4-4-12

I commence with my gratitude to The All-Knower

Markets are going through a normal pull-back or sellers' shake off, before another uptrend is commenced.
SPY Forecast 4-4-12
QQQ Forecast 4-4-12

Please see the attached charts from SPY and QQQ, both representing S&P500 stock index and NASDAQ-100 stock index, are at important support juncture. Once this support held, which, I think ought to be held, a strong rally shall ensue.

2 comments:

Vijay P. said...

Thanks for the update MR Syed

Anonymous said...

Mr. Syed,

Both of the pictures are SPY.