After 2425 is hit on the SP500

So after the 2425 area on the SP500 is tagged the market will be at an inflection point. It has the option to go down into the 5-7% decline or rally back to near the highs before declining 5-7% at a later date. The bounce off of 2425 will provide the first glimpse to which direction the market will be heading.

Why am I forecasting one more leg down to 2425? The English FTSE has one more strong decline left in its forecast.

I forecast the FTSE, offline, as it can sometimes provide insight into how the US market will open.

Do you know what causes the US market to gap up and down at 9:30AM? England's FTSE.

Submitted August 12, 2017 at 02:44PM by EQUITYFORECASTER
via http://ift.tt/2w0ANNs

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s