Archive for August 12th, 2017

Intermediate-term Forecast for August 12, 2017

Intermediate-term Forecast for August 12, 2017

| August 12, 2017

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Stock Market Rally Begins Correction

Stock Market Rally Begins Correction

| August 12, 2017

In late April, our computer models predicted the formation of an intermediate-term low in the stock market. Further, given the bullish character of the previous advance, our models indicated that the rally would likely continue and move up to new long-term highs. The bull market resumed as expected and the S&P 500 index rallied until [...]

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US Dollar on Verge of Meaningful Breakdown

US Dollar on Verge of Meaningful Breakdown

| August 12, 2017

From an intermediate-term perspective, the US Dollar index has been moving sideways since early 2015, forming a consolidation pattern following the strong rally in 2014. The congestion support in the 93 area has been tested several times since then, but the current downtrend from the beginning of the year is attempting to move below that [...]

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