A Long Hot July

By: Ed Carlson | Tue, Jul 14, 2015
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With the intra-day low on Tuesday and the closing low on Wednesday, the forecast for a low in the Dow early last week worked out well. Last week's commentary also laid out the case for that low to be followed by a very short rally into a high (approximately) this Wednesday.

Unfortunately, this week's high is not expected to be the first in a series of higher highs as cycles warn of a continuing decline throughout July. A six-month cycle points to a low during the final week of the month as does a separate 21-week cycle. The Hybrid Lindsay model identifies the period of July 24-31 as the low with July 27 as the single-date forecast.

S&P500 21-Week Cycles Chart

 


Obtain your copy of the July Lindsay Report at Seattle Technical Advisors.com.

 


 

Ed Carlson

Author: Ed Carlson

Ed Carlson
Seattle Technical Advisors.com

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

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