I am forecasting an All Time High for the S&P 500 next week. See chart.
Basic rationale:
With VIX as low as it was on Friday and no breakout I think probability of a small pullback Monday, followed by a Tuesday - Thursday high volume move through both resistance areas to an all time high. Friday may have a pin to 2120 at OEX or may drive higher.
Basis for ATH forecast is Hurst cycle bottoming & alignment (blue lines to green and gold lines), RSI divergences and momentum, and liquidity flows (not pictured, see Lee Adler's liquidity analysis published at his site).
Basic rationale:
With VIX as low as it was on Friday and no breakout I think probability of a small pullback Monday, followed by a Tuesday - Thursday high volume move through both resistance areas to an all time high. Friday may have a pin to 2120 at OEX or may drive higher.
Basis for ATH forecast is Hurst cycle bottoming & alignment (blue lines to green and gold lines), RSI divergences and momentum, and liquidity flows (not pictured, see Lee Adler's liquidity analysis published at his site).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.