The predicted target , 1100, is reached again today ! S&P 500 hits a new high 1105 today ! So amazing ! Please follow the link to see previous predictions and the chart at that time.
Today, the trap-zone get expanded in both price and time dimensions. please refer the chart below
With regard to the long term US stock market view, my bold predictions in September, 2009, are still valid, and work amazingly well to date.
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It looks bearish to me for now. I got out of the market today.
ReplyDeleteIt may drop to the lower boundary of the trap zone. But, unless the trap zone is broken down, no worries, at least.
ReplyDeletetwit
ReplyDeleteI hope S&P 500 is not building double heads.
ReplyDeleteI suspect the US dollar is building bottom and stock market is building top. This needs 1 or 2 more weeks to confirm.
ReplyDeleteJZ
Yes. I noticed the US Dollar is super strong today as well !
ReplyDeleteMore analysis later.