Stock Matkets Forecast UPDATE 9-17-11

I commence with my gratitude to The Creator Stock markets didn't follow the CIT of 9/15/11 or would it by +1 day. As there are time cycles ingress on 9/18 and 9/19, I think the weekend time cycle might have acted as attractor, thus making the 9/15 time cycle somewhat negligible. I know of some time cycles experts, who would take the median of two or more time cycles coming within very short period. Thus the median become 9/16 afternoon, therefore making the 9/16 close and/or high prices as the swing high. Thus the time cycle for change is valid and I expect reversal on 9/19 Thanks to active readers and showing their appreciation in comments section.

Stock Markets Update ALERT

I commence with my gratitude to The Creator

Today is CIT for stock market
Price also met it's maximum target

Stock Markets Forecast Update

I commence with my gratitude to The Creator

SPX bearish flag daily chart 9-13-11

SPX H&S pattern hrly Chart 9/13/11

In my last post, I stated that there are two case scenarios, with H&S pattern, markets gap through the neckline or markets find minor support at the neckline and then rebound a little.  Which markets chose to do so. Market has come up-to the 50%  of the last swing or the right shoulder. However, once the bounce fades away, markets shall drop and tumble hard potentially starting as early as 09/14. On daily scale, market is developing a bearish flag, and break through the lower support line is expected and minimum target is to retest the lows of May last year and even 910 area for S&P-500.