• 316 days Could Crypto Overtake Traditional Investment?
  • 321 days Americans Still Quitting Jobs At Record Pace
  • 323 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 326 days Is The Dollar Too Strong?
  • 326 days Big Tech Disappoints Investors on Earnings Calls
  • 327 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 329 days China Is Quietly Trying To Distance Itself From Russia
  • 329 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 333 days Crypto Investors Won Big In 2021
  • 333 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 334 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 336 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 337 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 340 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 341 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 341 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 343 days Are NFTs About To Take Over Gaming?
  • 344 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 347 days What’s Causing Inflation In The United States?
  • 348 days Intel Joins Russian Exodus as Chip Shortage Digs In
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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