Stock Markets Update 12/22/11

Forecasted a market turn
Chart posted 12/13

I commence with my gratitude to The All-Knower

I had published the following chart in my 12/13 post ( view post) that market is creating a right hand shoulder and I predicted and showed on the chart 120 area to be the support and reversal zone for SPY, especially when it aligns up with the time cycles.

Market Forecast Update, 

12/14 time cycle did create a turn, however, as I stated in my time cycle alert that if 12/14 turn does not sustain, then I am looking around 12/16.
Market made a swing low on 12/19 (which is +1 trading day of 12/16). There was strong indications that market has made swing low as indicated by the indicators on the chart.

Stock Market has followed my time cycle predictions as anticipated. I was expecting a swing low and rather a right shoulder to be formed around the dates of 12/16, which is did in the price zone of $120, as shown on my chart.

Review the older post to see the future market turns dates.