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Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Wild Stock Market Swings Coming Up..

Stock-Markets / Stock Markets 2018 Mar 05, 2018 - 06:07 PM GMT

By: Anthony_Cherniawski

Stock-Markets

I had thought the Fractal Model would only work on the impulses and not the corrections. However this rally is emulating Wave A perfectly with a 50% retracement. This implies a 175 point decline may be coming next. The target appears to be 2540.00-2545.00. This does not appear to be taking out the February 9 low, as suggested. This sets up the buy-the-dippers for a smashing after another probe of the 50-day Moving Average at 2738.50 or the mid-Cycle resistance currently at 2748.63.


Like I suggested, all you can do is remain short, since the swings are meant to take out all the weak hands.

Regards,

Tony

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