Can The Stock Market Really Be Predicted? #spx Mid-Day Message
The bulls are trying to get our of this cluster zone we have been stuck in. They needed to and as of now, break above the 2861. Now they need to use that as support to keep things heading higher. The bears need to push price back below 2830 to gain short term control. I remain neutral here and whatever plays out is fine with me-but I do prefer higher before lower-as we head into the "Kill Zone". Go went through all of that in the free video report below.
Can the markets really be predicted? Yes! It won't always work out as scripted, but that is why you have a preferred road map and a plan B, as the market will always be correct. The top in October was predicted-the low in December as well as the top in June, all weeks/months in advance. Using just technical indicators will not allow anyone to predict the future. They will only give you some warning signs. We use technical timing indicators that Woody developer 40 years ago. But that will just give us the when. Sentiment gives us another major clue of a reversal and if we see extreme bullish/bearish sentiment during a turn period, the next step is using what everyone else uses-regular technicals to determine where.
So yes, the market can be predicted, but these predictions have to be altered sometimes. If we think the market is going to reverse lower and it continues higher-guess who is right? Mr. Market!! But if we see something like that happen, it does NOT make that direction safe to trade. Unfortunately, most become overly bullish/bearish right when something like this happens. The media buzzes about how strong/weak the market is-that is all you read about and human nature takes over-just join the "herd". That is the exact time one should be looking for a reversal-not to join the crowd. Below in the comment section, you will see how the turn dates played out from September 2018. G
Can the markets really be predicted? Yes! It won't always work out as scripted, but that is why you have a preferred road map and a plan B, as the market will always be correct. The top in October was predicted-the low in December as well as the top in June, all weeks/months in advance. Using just technical indicators will not allow anyone to predict the future. They will only give you some warning signs. We use technical timing indicators that Woody developer 40 years ago. But that will just give us the when. Sentiment gives us another major clue of a reversal and if we see extreme bullish/bearish sentiment during a turn period, the next step is using what everyone else uses-regular technicals to determine where.
So yes, the market can be predicted, but these predictions have to be altered sometimes. If we think the market is going to reverse lower and it continues higher-guess who is right? Mr. Market!! But if we see something like that happen, it does NOT make that direction safe to trade. Unfortunately, most become overly bullish/bearish right when something like this happens. The media buzzes about how strong/weak the market is-that is all you read about and human nature takes over-just join the "herd". That is the exact time one should be looking for a reversal-not to join the crowd. Below in the comment section, you will see how the turn dates played out from September 2018. G
MARKET TIMING: A failure was expected in August. The expected correction is profiled to last into near 9/25ish but, “This Fall may see trading opportunities both ways.” How the market behaves into 9/25ish there will tell us all a great deal about the larger context. So far from the 8/29 High, there were 7 days down which have been followed by 5 days up. While it feels like the market is strong it really has been in a sideways price/time pattern. What fits best now is for another 6-8 day decline which would make it a somewhat symmetrical compound correction into the preferred low date. Under that pattern, today would be the last upside day.