Stock Markets Update 6-21-11

I commence with my gratitude to The All-Knower

The Standard & Poor’s 500 Index had subsisted its first test of the 200-day moving average.

Is the current upturn sustainable now?

Noteworthy struggle holds at the April low of 1,294, a level that’s restricted the index for two weeks.

Meanwhile, the Dow industrials’ near-term outlook is similar. it’s blasted the resistance at the April low of 12,093. This becomes the area now for first support.

SPX Support holds around 1,279, and below that, a more important floor at the 200-day, currently 1,260.

Nasdaq Composite, Nonetheless, has broken back above its 200-day moving average in T0day’s early price action, and this area has become first support and is followed by another minor floor at 2,685.

With a corrective rally underway, resistance in the 2,700 area marks the Nasdaq’s next major technical hurdle.

Stock Markets Forecast 6-18-11

I commence with my gratitude to The All-Knower

Markets have fallen last week as predicted. However, in the last 3 days, when the markets were ready to fall hard, instead, they reversed sharply, after making a lower low by undercutting the Wednesday's low of SPX 1,261.8. As a matter of fact, all indices closed higher on Friday 06/17/11, after falling on day prior or even on Friday, except Tech. stock index Nasdaq Composite. DJ-Transportation, had a very strong bullish close on Friday. This all happening within the time cycle of reversal or change in trend (though temporary). I believe that market shall reverse (as stated in my previous forecasts within last couple of days) and go higher into 06/24 to 06/27.

If the markets do not rally NOW, as estimated by me, than it is very ominous for the markets and stock markets shall fall very hard into this next time cycle of 06/24-06/27.

Stock Market Forecast 6-16-11

I commence with my gratitude to The Creator

I think we may have rally starting from tomorrow. I was looking at my geometrical time cycle generator, it has a turn date on 06/20/11. It did not have the turn date on 06/13/11 :-)

Therefore, buckle up, this rally is going to be strong one! (then of course, another leg down!)

Why do I think, that we shall have a strong rally and why we did not have a break-down as thought 2days ago. Market should have broken down within last 4 days, since it was flirting with Dow 12,000 and SPX $1,262 and Nasdaq Composite 2,634. It rather found support at these levels (just a false break down through these levels) and the time cycle has arrived for reversal. Thus, Markets shall experience reversal and rally due to the time cycle arriving when markets are at important price junctures.

Stock Markets Update

I commence with gratitude to The Creator

The rally not To be trusted. It is a "fake-out".
It's the last gasp, before markets drop like a rock.

US STOCK MARKET FORECAST UPDATE

I commence with my gratitude to The Creator

On 06-10 and again 06-13, you were forewarned for a swing low. During a down turn, rally lasts only 3 days (maximum 5). Therefore, be on alert, if Market changes back to it's previous trend... Down. Markets have retraced minimum requirement(33%, 38.2%), and stalled at my predicted level of previuos break-down.