Short Term CIT Forecast Update

Change in Trend (CIT)  

Short Term CIT forecast Update

The last forecast made on May 21st stated, "Upward bias into the end of the month, in cycle terms, works out to be May 28th +/-"

Looking back from today, May 28th, that is exactly what happened.  Today even though the S&P500 closed down, it made an intraday high before selling off.  

UPDATE - 

After May 28th, the next forecasted cycle lows are June 13th & July 6th with a bounce in between. 

So far the "Short Term CIT Forecast Update's" have been very accurate.   Let's see if they continue to perform well. 

There is no change in the Intermediate Term forecast 

Intermediate term cycles are currently pointing down into July 2014 +/-.

So this may prevent some rallies from materializing, but if they do occur, some investors may take advantage of these rallies and sell into them.

We continue to witness this type of action.

This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions. 

Past performance is not indicative of future results.