• 22 hours S&P 500 Officially In An Earnings Recession
  • 1 day Miners Are Weathering The Trade War Storm
  • 1 day UK Credit Card Interest Rates Are Skyrocketing
  • 2 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 2 days Are Smart TVs Spying On Us?
  • 2 days Is Fossil Fuel Divestment A Waste Of Time?
  • 3 days A Russian Billionaire’s Space Quest To Save Humanity
  • 3 days Markets Take Breather As Consolidation Continues
  • 3 days Economic Woes Weigh On Copper Prices
  • 3 days World's Largest IPO At Risk Following Drone Strikes
  • 4 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 4 days What’s Behind The Silver Sell-Off?
  • 4 days The Retail Apocalypse Is Accelerating
  • 4 days The Top Tech Stocks Of The Year
  • 5 days America’s Workforce Elderly Workforce To Double By 2028
  • 5 days Toyota Tests Solar-Powered Prius
  • 6 days Why The Gold Rally Flatlined
  • 6 days The Uranium Sector Can’t Catch A Break
  • 7 days Upcoming Fed Meeting Has Investors On Edge
  • 7 days Global Gold Sector Outlines Responsible Mining Principles
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  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