As just indicated in the analysis of Twitter (see it here, "All Targets Hit ... ": ), my predictive analysis and forecasting system defined a probable target as:
TG-1 = 10624.04 - 17 APR 2014.
However, I also cautioned that a significant E.A.G.L.E range (10624.04/10584.23) is likely to impose its own resistance, up to a level that falls in line with the primary target just defined.
Given the economic context and a Fed 's implied plan to continue its taper, all fundamental ingredients seem to be present to support a net sentiment.
If indeed a decline was to occur, my predictive analysis would generate a (still speculative) target low as:
-TG-Lo = 9780.97 - 17 APR 2014.
For the time being, a relief rally remains the primary focus, but given the fundamental context and analysis above, one should consider bond prices as reliable indicators of pan-market direction, especially the and the 10-year treasuries. Just saying.
Predictive Analysis and Forecasting
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- 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
"$NYA - #NYSE: Chart has reached forecast resistance; rolled down ... - Still bearish at this point."
Twitter alias: @4xForecaster