Stock Market Update 06-28-12

I commence with my gratitude to The Creator.

Markets are at the very important price juncture. Current prices MUST BE held, otherwise, the spigot of big sell-off shall be opened.

See the daily chart attached herewith.

Hourly chart shows a divergence in the momentum indicators and the price levels. That gives some assurance that it is just a retest of the lows, before markets could rally again.

Beware of the current price levels... as indicated

Facebook (FB) Forecast Update

I commence with my gratitude to The All-Knower


I had forecasted on 06/18, in a reply to an inquiry about FaceBook update, that $33-33.20 area shall prove be a brick wall. So it was proved to be it....

FB exhibited a "lost motion" price pattern and slipped slightly above the area predicted, only to have dropped sharply and pushed back by 3%-4% every time. It tried on 06/22 and then again today 06/27. Both times, the price area proved as strong resistance as predicted in my follow up comments about FB

Stock Markets Forecast - Are Markets Done with Sell-off?

I commence with my gratitude to The All-Knower

Stock Markets Trend Forecast 06-25-12

According to my previous forecast, the last time cycle for price reversal was 06-18.
Let us see what happened.

Markets said, "OK, I will give you benefit of doubt.
Markets reversed from 06/19, instead of 06/18 (just 1+ trading day). That is pretty good especially among such a great volatility in the worlds' markets with tons of conflicting news coming from all parts of Europe and big old US.

Next time cycle is due on 06/26-06/27 for price reversal.

I feel that markets have completed making the right shoulder of the "Inverse H&S pattern". Therefore, coming down into the time cycles for change, shall cause the markets to swing higher..