• 481 days Will The ECB Continue To Hike Rates?
  • 481 days Forbes: Aramco Remains Largest Company In The Middle East
  • 483 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 883 days Could Crypto Overtake Traditional Investment?
  • 888 days Americans Still Quitting Jobs At Record Pace
  • 890 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 893 days Is The Dollar Too Strong?
  • 893 days Big Tech Disappoints Investors on Earnings Calls
  • 894 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 896 days China Is Quietly Trying To Distance Itself From Russia
  • 896 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 900 days Crypto Investors Won Big In 2021
  • 900 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 901 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 903 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 904 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 907 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 908 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 908 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 910 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

A Long Hot July

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.

 

Back to homepage

Leave a comment

Leave a comment