Short Term Trend Forecast Update

Short Term Trend Forecast Update

The last forecast made on July 8th stated:
" Forecasted cycle tops and bottoms (+/-)

Top        July 12-15 +/-  (The market rallied into the 15th and hung in there until the morning of the 17th and then sold off)

Bottom  July 18-19 +/-   (The market sold off into the 17th and that was the bottom)

Top        July 23 +/-      (The market rallied off the 17th low but did sell off early on the 21st but is rallying off that higher low, so far as of 2PM EST)

Following cycles has been good to use as a guide or potential future road map, but, other tools must always be used to confirm any forecasted cycle trends. 

UPDATE 

Forecasts for cycle tops and bottoms (+/-)

Top   July 23-26 +/-
Bottom August 7th +/-

Since cycles do not distinguish between trading days and calendar days, the cycle dates may come out on Holidays or weekends.  So the dates suggested that do fall on such days are to be used as a window.   So, as always, other tools must always be used to confirm any forecasted cycle trends.  All other days are still noted with a "+/-" because the cycle dates are not always as perfect as we all would like them to be.  Although they have been pretty accurate.  

  

UPDATE in the Intermediate Term forecast 

Intermediate term cycles are currently pointing down into July 2014 - August 2014 +/- and may even extend further out in the 3rd and possibly the 4th quarter 2014.   These cycles will continue to be watched for any possible changes in the forecast.   The market continues to be strong as displayed in the advance decline line and other such indicators.  

 

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.