Showing posts with label Stock Market Forecast 01-24-2014. Show all posts
Showing posts with label Stock Market Forecast 01-24-2014. Show all posts

Thursday, January 30, 2014

Stock Markets Forecast UPDATE 01-30-2014

Commence with my gratitude to The Creator.

Markets tried to create a low on Monday (the date predicted by my proprietary indicator), but failed to do so and dropped till the next day. That is turn date (+1). Price levels of that turn date (+1) is important, which sits at S&P 1,770 level. That is near one of my balance points in the S&P 1,762 area. That offers a strong support. The markets rallied on Tuesday and only to drop back on Wednesday to test the low created on Monday's turn date (+1). Therefore the lows of Tuesday are important, and must hold.

I bring up the chart of the leading index of NASDAQ Composite. My another proprietary indicator is saying that markets must go higher now. Blue Trend-line and yellow price cycle, have been consistantly offering support for each small correction in the markets, along-with the proprietary indicators shown below, see green arrows, have called in the market turns, that is happening today also.

My previous long term analysis did call for strong market crash like drop in vicinity of March. I think, this is NOT IT. I believe that market has another breath left, before they tumble. See the attached chart.

Friday, January 24, 2014

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.