4xForecaster

Chart Update - Collapsing On June 06th? | #DOW #COMP #DJIA

INDEX:COMP   DOW Composite [Test]
319 1 7
Friends,

On December 28th, 2013, we produce a target valued at 5794.30, pointing to a potential level of significant resistance or possible reversal.

The chart illustrates two distinct 275-week, each completing into an abysmal decline. As we near completion of the current 275-week cycle, the precise charting measurements offered by #TradingView indicate that we are now 19 weeks away from the completion of this third cycle.

19 weeks equal to 133 days, leading us to Friday, June 06th, 2014. Will it be the day of another abysmal collapse?

OVERALL:
While the market remains bullish , price is nearing a significant level defined at 5794.30 per our predictive analysis. Combined with the 275-week cycle just described, we remain neutral for the time being.

Cheers,

David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
Denver, Colorado USA


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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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NEWS - Recapping a market rout: The Dow Jones Industrial Average suffers its biggest weekly decline in more than a year: http://on.wsj.com/1eKj8ZN
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