The home of the innovation of the Logarithm of Time as applied to the Markets.
We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Saturday, February 27, 2016
Price forecast for $SPX out to early April
Now that we have some data on this move out of the February 11th bottom, we can see which exponential trendline is being followed (the green one). I have extended that trendline out to where I believe it runs out of gas, ideally, on or about April 4th. Looks like it reaches about 2050 or so.
When you plot this as a LEVEL, you can see that puts you just 62% higher than we are now. That implies a lot of volatility with not much progress for several weeks, certainly what you might expect of a weakening market, getting ready for a very bad summer and fall.