Trend is up

Today's breakout suggests that our previous call for a short-term low of 1,487 and subsequent high of 1,563 and then a new short-term low of 1,537 were accurate.

On March 22, our model confirmed the start of a new leg up and predicted a breakout above the recent high of 1,563. This happened today.

Our model predicts that the market will probably reach 1,610's as presented on March 23.

A close below 1,537 would invalidate our scenario.




DISCLAIMER: This blog shall not be perceived as investment advice. This is a personal diary of our thoughts on the markets. Consult a professional broker or adviser before investing.  Any opinions, news, research, analyses, prices, or other information contained on this blog are shared as personal thoughts and provided as general commentary only.