Stock Markets Forecast 6-7-11

I commence with my gratitude to The Creator

Markets are dropping as forecasted.
I am looking for a support at 1,262 (+/-6) area of SPX. When market reaches this level, look to lock in the profits, as markets are poised to go higher on Monday!

Stock Markets Forecast 6-7-11

I commence with my gratitude to The All-Knower

I was just looking at the markets with greater depth of analysis. and I noticed that it just recently touched off one of my watched levels. 34-Weeks MA. This along with other smaller Fibonacci numbers, 21 and 13 are great long term trend  indicators and tools. 1,284.32 was the exact level, where it sits right now. Once that level is broken, we market will go down to 1180-1200 level. which is about to occur, sooner than the most analysts think!

Stock Market UPDATE

I commence with my gratitude to The All-Knower

Market is taking in the last gulp of air, before it dies down. Market is heading for very serious correction.
Financial Sector, XLF is taking last breath before it tumbles again. So will the market!
It has come down and below all support levels, that could have kept a blip of hope alive. The last time, it traded below these support levels was after correction which continued after May 6 Flash Crash and in 2008 and before March 2009, when market finally bottomed. Now market is not bottoming, rather market is pulling back after putting in all time high since 2007, rather some indices have eclipsed their 2007 bull market highs. Therefore, all evidence point in support of my bearish view of the market.

Stock Market Update

I commence with my gratitude to The All-Knower

Markets have broken the neckline of H&S pattern. When successfully followed, the pattern reveals that profit target would be at least testing of the March 2011 low levels.