4xForecaster

Releif Rally Likely Capped Sub-Surface | $NYSE $NYA $TWTR

INDEX:NYA   NYSE Composite
158 2 3
Friends,

As just indicated in the analysis of Twitter (see it here, "All Targets Hit ... ":
All Targets Hit ... Expect Relief Rally | $NYA #NYSE #Yellen
), my predictive analysis and forecasting system defined a probable bullish 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 bullish 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 bearish 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.


OVERALL:

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 3-month and the 10-year treasuries. Just saying.

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
23 APR 2014 - Update:

At 10,621.23, we could call it a target dead-on hit, but really, it's not quite there. So, we'll wait for a possible gasping bounce. Still, the direction was good, the resistance range was right on, and price reversed below half of prior daily range.

David Alcindor
Reply
27 APR 2014 - Chart Update:

Twitter Comment:

"$NYA - #NYSE: Chart has reached forecast resistance; rolled down ...
Releif Rally Likely Capped Sub-Surface | $NYSE $NYA $TWTR
- Still bearish at this point."

David Alcindor
Twitter alias: @4xForecaster

Reply
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