Markets will begin trading in a high resistance price range today, which could result in the markets opening lower. Expect a lot of people to trade yesterday's exuberance.
Well, beautifully for my prediction, NOT for the S&P's future. It should also be noted that my chart is extremely conservative with the time frame this market is likely to stay afloat for. As stated in previous analyses, December's low was the pin prick. It's my projection that it's the TA noose showing the market's been hung out to dry. Despite my graphical...
As the title suggests, the S&P's great start to the day, what started off as a bullish day, has instead shown another sign that it's nearly three month long rally is running out of steam. As can be seen, the red-dotted line has served as a support range for the market up until March's dump. Now what was support is showing strong signs of becoming the new...
Ever since October's plummet I've been bearish on the stock market. December's dump well below prior support only validated my view. So instead of saying "sugar we're going down." This is my attempt at projecting the most probable movement range for the next 2 months, assuming the index doesn't find support at 2900. I personally have little faith we'll even see...