Archive for May 3rd, 2019

Intermediate-term Forecast for May 4, 2019

| May 3, 2019

Stock Market Commentary We are 19 weeks into the rally phase of the intermediate-term cycle that began in December. Intermediate-term cycle direction is in question. A quick reversal followed by a move below the last intermediate-term cycle low (ITCL) at 2,347 would reconfirm the current bearish trend and forecast additional losses. Alternatively, a move well […]

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Short-term Forecast for May 3, 2019

| May 3, 2019

Stock Market Commentary We are 3 sessions into the beta phase decline of the¬†short-term cycle from March. The magnitude and duration of the last beta phase rally reconfirm the current bullish trend and favor additional short-term strength. S&P 500 Index Daily Chart Analyses The following technical and cycle analyses provide short-term forecasts for the S&P […]

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