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| Stock Markets Update 06-12-12 |
Stock Markets have rallied sharply into price level, which is marked by my proprietary price/time cycle line resting at $134.30 for SPY. This price level’s energy is emanating from June and July 2011 highs, which created a sharp sell-off last summer, which lasted until October 4th of last year. However, SPY closed at the end of the day another price/time cycle band, which is at $131.40. If SPY stays above the $130 level, then it shall be forming a right shoulder of a bottoming H&S pattern. Which shall manifest into the another leg up, with the price targets around May’s high of 2012. Markets must stay above $128 to keep the markets’ up-trend in contact.
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| Stock markets forecast 06-12-12 |
Important time cycle to watch time cycle of June 16th-June 18th for price reversals.
Markets might complete the right shoulder by 06/13.
http://trade-in-harmony.blogspot.com/
THANK YOU THANK YOU AND GOD BLESS YOU.
I have been trading in my small account and have managed to make it into a account where I can even day trade. I have never made THESE AMOUNT OF profits, in my entire trading life in such a short period of time (9 months).
I am extra conservative trader, but after watching your forecasts for last 3 years, I finally decided to take a shot at them. I use my money management rules, where 2 of your forecasts had a draw down of only 4% – 7%, but profits ranged into 12% -28% each trade. I am ETF and 2x and 3x ETF trader. and
THANK YOU THANK YOU.
I would like to chime in as well
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may god bless mr syed with abundance of everything..
Thank you Syed for all that you do. May you be blessed.
JazakAllah Khair