• 3 days Ireland Balks At Biden’s Global Tax Plan
  • 6 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 10 days Facial Recognition Is Watching You
  • 11 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 11 days The Fed’s $3 Trillion Headache
  • 14 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 14 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 15 days Delta Variant Real Threat To Economic Recovery
  • 18 days JEDI Drama Continues With Microsoft Contract Cut
  • 20 days DiDi Shares Take a Beating From Chinese Regulators
  • 21 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 21 days Jobs Report Has Big Numbers, But Still Big Problems
  • 22 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 25 days Didi Just Went Public, And Uber Is Loving It
  • 26 days Islamic Finance On Track To Hit $3.7 Trillion
  • 27 days The Lumber Bubble Is Bursting
  • 31 days A New Entry In The Two Trillion Dollar Club
  • 31 days 3 Upcoming IPOs To Watch As IPO Market Rebounds
  • 33 days Welcome To The Used Car Bonanza
  • 34 days The Year Of The Retail Investor Keeps Getting Bigger
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

It's All Downhill From Here

Well, down anyway. An emissions scandal at VW (the world's largest auto maker), the announcement from Caterpillar that it is laying off 10,000 workers, a 5,000% price increase in a 62-year-old drug, the resignation of the US Speaker of the House, and Janet Yellen reaffirming a rate hike before the end of the year... what's not to be bullish about?!

I find no reason to expect anything more than a slight hesitation in the decline which began two weeks ago until early next week, Oct 5/6. Oct 5 is exciting as it would be the first low forecast with the Hybrid Lindsay model centered on the bull market high (5/19/15). The intermediate lows of the 1929-1932 bear market were all forecast using this model centered on the bull market high in September 1929. A low on Oct. 5/6 is also forecast with a Middle Section centered on the high of the previous Basic Cycle, 5/2/11.

A break of 1,850-SPX opens the door for a return to the Jan'14 low near 1,750 which corresponds to the measured move from the bearish pennant formation.

S&P 500 Index
Larger Image

 


Contact us for a FREE copy of the year-to-date review of the Hybrid Lindsay model.

 

Back to homepage

Leave a comment

Leave a comment