Have The Stock Markets Put in The Final Low?
I commence with my gratitude to The Creator
The answer is YES!, for the short to intermediate time cycles. I had predicted the time cycle reversal date back on 05/08 (see here the previous forecast).
My forecast has called for another leg down on said date. Since then, markets have tumbled another 650+ points of DOW JONES.
You were even gave a price target of $131 for SPY and time cycles of 05/17 (later post here the very next day, updated to add another day for time cycle reversal, thus giving us 2 days windows of 05/17-05/18).
Today price drop brought the markets to about 50% retracement of the leg up from 11/25 to 04/03. Today’s prices are, also, at the 161.8% extension of levels of the down swing from 05/01-05/08. Thereafter, NASDAQ and QQQ, and SPY went side-way consolidation for seven day. Moreover, today Markets have been doing a dance of zig-zag and thereby SPY testing the price level of $131. The increased volatility is clear indication of the bottom being in place.
I am also showing a weekly chart of SPY, where the proprietary indicator, (which has been very successful in calling in bottom) is showing that we do have swing low being put in now.
Find your favorite stocks to rack in the sharp rally’s profit in coming days…
http://trade-in-harmony.blogspot.com/
You are doing a great service to the community.
May you be blessed with more abundance so that you could share, even more :0
How long do you see the rally lasting and do you have a SP target in mind? Thanks
Thanks for your service. Coal stocks, gold stocks and some other natural resources stocks are really beaten down. According to your cycle timings do you see any turn around in them from near future. Please let all of us know, in case if you did any study on them.
Supreme consciousness bless you and your loved ones and whole creation forever and ever.
Thanks Mr. Syed. I check you site daily for updates. I wonder about the following: Lets say rioting starts in the streets of Greece next week. Lets say bank runs spread from Greece to other finnacially strapped European countries. Lets say in the U.S. exiting home sale, new home sales, durable goods orders, and jobless claims are all below expectations.
If these were to occur would't this keep downward pressure on European and U.S. markets next week and thus we wouldn't have a rally? The technical indicators do not know about world events going on right now.
I am a relatively new trader so I apologize if this question seems irrelevant.
Dave in Clearwater, FL USA
MAD, Shanti Carol and Dave
Thanks for your readership.
Help others learn about it so that they can benefit from the site.
I have already posted the targets for SPX ETF APT
Gold and related stocks have taken the turn since 05/17
Thank you.
Herbert