I commence with my gratitude to The Ultimate Knower
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| SPY Forecast 7-12 – Market going higher very soon |
Markets fell at the start of the day, then rallied till the EOD of day and then after FOMC statement dropped only to close just a notch below the yesterday’s close. Market is trying to find its base and foundation before the next run up. Therefore, the sellers are being washed out. Market time cycle turn date was 7-12. I believe it did come and it showed its manifestation. Sometimes, the results are known and visible the next day, as the time cycle date becomes the last day of previous trend. Regardless, the next week, time cycle is an important, which spans from 07-18 thru 07-21, for a turn in the market. If the market continues to drop then it shall find its low around said time cycle, otherwise, markets shall find the reason to rally from here on.
http://trade-in-harmony.blogspot.com/
Dear Mr. Syed,
Thank you for your update, are you going to revise the previous forecast on gold & silver since gold has made a record high. Or the anticipating correction will come on 07-21 instead.
Thanks again,
Hello Mr.Syed,
if the market rises to 7/18, does it mean the market find a top there and big drop gonna happen?
Eddy
Mr Syed,
Thank you again for the analysis.
Market prediction is a difficult job. 10% failure is nothing when considering 90% accuracy. Keep up with your generous posting of analysis which must have taken you lots of time & effort.
Herbert
Sir,
Thanks for another great analysis! Is the momentum indicator at the bottom of the chart the CCI 25-period indicator?
Thank you, once again for your expertise and generosity!
— BDP