Here Comes S&P 2,000 –
Stock Markets Forecast 01-23-2014
I have alerted you on October 10, 2013 for an impending strong bull run/rally, when market was trading at 1,656.40. Market ramped up the gains since then. I had followed up with another post published on 10-21-2013, that once 1,760 level is cleared then look for 1,802-1,812 price targets. My first target of S&P price of 1,802-1,812, was achieved on 11-18-2013. The price range of 1,802-1,812 proved to be strong price cycle and kept the stock markets at bay for about a month. During this consolidation, Markets came back to test my balance point, which I specifically stipulated and it was at 1,760-1761 range. S&P came to the range and made a low at 1,767 and rallied a strong run up on 12-18. That balance point was so strong that it pushed the markets high decisively.
On 01/01/2014, I alerted you for an upcoming consolidation, “My proprietary indicators are showing that the market looks tired and shall pause. S&P might even come back to test the highs of previous consolidation the range of 1,805-1815” I further added, “I think pause might last 7 days or even up-to 3rd week of January.”
Today, is probably the last day of the consolidation, and I expect the market to make stride to get out the consolidation.
As I stated to you earlier, that I am bullish on the stock markets and is expecting a very strong and the last rally of the recent uptrend.
Get ready for S&P 2,000 target. Market shall rally till the middle of the March.
PS. Yes, I remember that I have to update the Gold and Silver Commodities Forecast. Time has not arrived yet.. Soon, I shall post an update for an impending giant move in commodities.
http://trade-in-harmony.blogspot.com/
market is making strides alright, downwards
my proprietary indicator is saying a fall again to your 1816 levels today or tomorrow
I strongly suspect your analysis is wrong again. We are done here. From here on now it will be onwards downwards. We still need confirmation, but I believe that process of confirmation has already started today.
LONG GOLD
SHORT SPX
I strongly suspect your analysis is wrong again. We are done here. From here on now it will be onwards downwards. We still need technical confirmation, but I believe that process has already began today.
LONG GOLD
SHORT SPX
Thank you kindly Syed. And God bless you and your family.
Thank you so much for the update Mr. Syed…I appreciate the "hand holding" as I continue to try to learn Gann methods and train myself to be emotionally divorced from trading. I hope to retire someday! Mike
Gold has started the big move
Anonymous #1
GOLD is a few days from it's next top! DOWN SHE GOES!