Short Term Trend Forecast

Short Term Trend forecast Update

The last forecast made on June 25th stated, "So far there is no change in the next forecasted cycle low July 6th +/-      But, cycles indicate that there may be some kind of counter trend action between June 26th and July 4th.".

The counter trend action did happen as the cycle forecast suggested.  

 

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 

Forecasted cycle tops and bottoms (+/-)

Top        July 4 +/-

Bottom  July 6 +/-

Top       July 12-15 +/-

 

Since cycles can 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.