4xForecaster

DOW Composite - Target Hit Dead-On | $COMP #forex $USD $JPY

INDEX:COMP   DOW Composite [Test]
319 1 2
Friends,

About 5 months ago (October 30th, 2013), I offered a moderate probability target at 5786.81. As of this this month, target got hit dead-on.
- Here:
$COMP - TG-1 = 5786.81 - 30 OCT 2013


More recently, I added a lesser probability target, based on momental line/channel supports and predictive analysis result.
- Here:
$COMP - Chart: Long Term Reiterations Last About 275 Bars


Now that the market has rolled down from the primary target, there is serious concern as to its ability to persevere to the higher, last target.


OVERALL:

Once sufficient data comes in, I will provide the result of any bearish target. For the time being, some unwinding needs to take place, as I expect a consolidation period would occur at these significant levels. For these reasons, I will switch the directional indicator from LONG to NEUTRAL. My own directional bias is neutral to bearish , based on fundamental and technical concerns discussed relative to the US Dollar index             and the risk-related USDJPY:

- USDollar             Index:
#USDollar Nears Long-Term Support | $DXY $USD $XAU #XAG


- USDJPY:
Fundamental Bears Before Technical Bulls | $USD $JPY #BOJ #Forex



CHeers,

David Alcindor
Predictive Analysis and Forecasting


Get my signals, analyses and forecasts on Twitter:
(Alias: @4xForecaster)


-------------------------------------
Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
20 MAY 2014 - Update:

Last month, the primary target, namely "TG-1 = 5786.81 - 30 OCT 2013", finally got hit dead on.

As of today, price as receded somewhat, adding further validity to this target and credence to the predictive/forecasting model, which had defined that target on October 30th, 2013 - Yes, some shameless self-padding is in order.

At this point, a bullish advance beyond this level remains in doubt, and the fundamental environment is lending a heavy hand against this probability as well.

Feel free to peruse through related charts, where I have offered long-term targets, albeit quite abysmal. But again, this is using the predictive/forecasting model which defined this hit this TG-1.

Here are other references for your review:

1 - $COMP Weeky chart:
"Collapsing On June 06th?
-
Chart Update - Collapsing On June 06th?  | #DOW #COMP #DJIA


2 - $COMP Weekly:
"Another 275 Days Of Ramped Up Rally Ending Next Month?"
-
$COMP | Another 275 Weeks Of Ramped Up Rally Ending Next Month?


3 - $COMP Weekly Chart:
"TG-1 = 5786.81 - 30 OCT 2013"
-
$COMP - TG-1 = 5786.81 - 30 OCT 2013


Cheers,


David Alcindor
Predictive Analysis & Forecasting
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