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Stock Market Swings Analysis Trend Forecast

Stock-Markets / Stock Market 2023 May 09, 2023 - 10:26 PM GMT

By: Nadeem_Walayat

Stock-Markets

Swings Analysis


Major swings analysis suggests early May top with two targets of 4436, and 4386, which I am skeptical of given that the range of swings is between +42 days and +59 days and thus the swing could top out before the end of April which chimes with my MACD Swings study that suggests a top between 24th and 28th April at approx 4312.

Whilst short-term swings paint a more volatile picture that imply an imminent break above 4200 to target 4316, before the final high around the 9th of May targeting 4386.

In conclusion swings analysis suggest to expect the S&P to target a trend to above 4300 to most probably be achieved before the end of April and that correction off of that April high into May could result in another push higher during May to target 4386, a bit like the inverse of the early March corrective rally (3-4), and beyond May we have the prospects for 4500 that would set the scene for the S&P to once more nudge back through 4000 later in the year as per my Oct 22 road map.

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By Nadeem Walayat

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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

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Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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