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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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On Sunday Greeks voted on an economic program that no longer exists, in a referendum which was of questionable legality. Grexit seems to be a fait accompli.

In the meantime, regardless of the Greek vote, US markets will continue to do what they do. The Hybrid Lindsay forecast calls for a low early this week followed by a rally to, roughly, July 15. In addition to Middle Section forecasts which are the heart of the "hybrid" model, other methods (Lindsay's and my own) are forecasting a high in this time period.

A cycle of 57 days extends between the highs of March 23, May 19, and 7/15/15.

A 222-day interval counted from the high on 12/5/14 forecasts a turn near 7/15/15.

A 107-day interval (102-112) counts 111 days from the low on 3/26/15 to a high on 7/15/15.


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To take a "sneak-peek" at SeattleTA research click here.

 

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