Stock Markets Forecast Update 01-24-2014

Commence with my gratitude to The Creator

Stock Markets Forecast Update 01-24-2014

Are the stock markets done with recent bull trend? Is the market crashing now? These are questions, I am receiving.

So It behooves me to publish an update on my recent posts.

See the charts' pictures of the recent today's drop. Market is just testing the very important price levels.

For example: S&P, Price is at very important pivot point, which I called pressure point and price squeeze zone is right there. see attached.
QQQ came right down to test the important vacuum zone of price points. Dow Jones, though under more pressure than other indices, has been finding the support today, also at the important price junctures.

All the price happening stumbling is today, when an important price cycle has approached. See attached my proprietary indicator, which has been consistently giving me the markets turns. This weekend is the market time cycle turn date. I see Monday as an up day and market turn date.

 

Stock Markets Forecast Update

With my gratitude to The Creator

Markets Forecast Update:

Market big move usually starts with a strong pattern. Market is ripe for strong rally. See the chart attached.

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.