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Limitlesslifeskills

SPX set to make new record high above 2900 this monthThe S&P 500 is finally ready to break out and achieve record closes once again. I have identified the zone before the next pullback. The next near-term top should occur by August 23 above 2900. The green box is my starting zone for the top. The black bordered polygon will most likely contain the top. There is strong resistance in this polygon. A short drop should occur after this top before another burst well above 2925 by mid-September. What are the real-world scenarios to likely drive this quick move up? My guess is a trade deal between the US and at least Mexico, possibly Mexico, Canada, EU, and/or China. I still have the actual market top on pace for November 2018. This top should be above 3000, but might not make it to 3100. More to follow.
SP:SPX
by StockSignaler
3
Looking For Bottom of Minor Wave 2 Before High Ride; SPXWe could still see a drop for 3 more days before blasting off toward 2900. We are just starting minuette wave 3 with two more waves to go. Expect lower markets today below 2800. A bump above 2800 but most likely below 2808 late today or early tomorrow and our bottom will most likely occur early Monday morning. We should find the ultimate bottom below 2780-2790. I anticipate a lower open on Monday morning with a rise throughout the day. We could be viewing the final threats of the trade war, before some sort of positive deal is reached early next week. This could be very interesting. Bring on the end of the bull market!
SP:SPXShort
by StockSignaler
1
Hold On To That Bull Market, Buck Off AheadThis is our projection for the end of the bull run. Further analysis can be found on our sites. Upcoming events impacting drops are US government shutdown. It would occur on a Monday if it happens. Usually lasts 2-5 days. Expect this to be a down week (Intermediate Wave 4 on chart). US midterm elections. The shakeup possible to rattle stocks is democrat control in House and/or Senate. The election alone could be seen as rougher waters in Washington leading to contentious new laws or lack of law passage. As my projection sits now, this event occurs around the same time I see the market top and end of Supercycle wave 3, Cycle wave 5, Primary wave 5, and Intermediate wave 5. Time will tell...
SP:SPX
by StockSignaler
Markets Set To Fall For Remainder Of Month; S&P 500 DropI was slightly premature in my previous analysis. My data was lacking and I took a leap. The data is finally in and the drop will occur as projected. We will watch the market drop for the rest of the month before it flies high into the fall. The pink box with the black outline is the projected bottom for the coming drop. My more realistic zone is above the trend line (purple background with thick red border). The projection box has the bottom between July 27 and July 31. The bottom should occur below 2797.42 and above 2764.90. My zone to watch has the bottom no lower than 2781 if the trendline acts as support. Possible flirtation and a quick drop below this support is always possible. Look to a drop in this area as a great buying opportunity. EXTERNAL FACTORS The external factors which may lead to this drop could be weaker than expected outlooks during the next week of earnings season. Lack of trade negotiations between the United States, its allies and China could also lead to the quick drop. After this drop, I expect the market to gain 9-11% through October 2018. This could be due to trade deals finally panning out. Stay tuned for more projections. I am preparing for the major market drop that is coming. I will have more projections and articles out detailing the specifics and the stocks that forecast market tops before they occur. I have a great one that has been accurate since 1987!
SP:SPXShort
by StockSignaler
8
S&P 500 Set To Pull Back For Remainder of WeekThe S&P 500 is set to drop over the next 3 days. Based on Elliott Wave Theory application. Based on my calculations, the index should bottom out around 2767.51 during the middle of the day on Friday July 20, 2018. This is a quick and slight pull back. We are in the final stages of the 9 year bull market and playing every dip will certainly pay off. I expect the index to rise mightily through September before the last minor pullback occurs. After November we could be in for the massive correction and bear market forecasters have huffed and puffed about for years.
SP:SPXLong
by StockSignaler
Western Digital (WDC) Set To Rise When Market FallsI have been forecasting a market top around October-December 2018 for quite a few months. Most stocks I have looked at are also pointing to a top around that timeframe. This one stock does not appear to fall with the rest of the market based on trend and derivative analysis as well as Elliott Wave Theory. My analysis is pointing to a top between 140.54 - 174.62 between March 6, 2019 and October 7, 2019. I am leaning to beginning of July 2019 around 150.94.
NASDAQ:WDCLong
by StockSignaler
1
Foot Locker Set To Take Large Strides Over Next 3-4 MonthsFoot Locker is setting up to fly high over the next 3-4 months before reaching its next top. This top coincides with my projected market top during the October/November timeframe this year. Based on comparative trend analysis and derivative analytics, Foot Locker should reach its next top between August 9 and November 20 of 2018. The top should occur between 62.12 and 68.84. The minimum move to 62.12 from today's close of 51.92 would generate 19.64%. I am expecting the top to occur in early to mid October around 64.41. Unlike some of the other stocks I am following, The 2019 pullback for Foot Locker should not be as drastic as the rest of the market.
NYSE:FLLong
by StockSignaler
Upcoming Bump For S&P 500The S&P has been relatively predictable when applying some Elliott Wave Theory principles. While we are in the final stretches before we hit a major correction, a smaller one is on the horizon. The pull back will not be much, but jockeying for position is not bad. The index should find a top around June 14 around 2791.91. This will be followed by a drop over the next 1-3 weeks. My projection has the bottom most likely between 2670 and 2740. I am leaning between 2700 and 2733. After this bottom, I expect major upward movement through early to mid-September. We could test 3100 during this rally. When projecting moves based on wave theory, I try to also identify real world items that could be cause for these moves. June 14 coincides with the end of the US-NK summit, Fed policy decision, and looming trade conflicts between the US, its allies and China. What ever the case may be, I am positioning for this pending drop and ready to ride the final wave 3 high into September.
SP:SPXLong
by StockSignaler
My Next Projection For Pre-Memorial Day S&P 500Wave 3 took off as projected and it appears wave 4 just completed at the end of trading on Tuesday with a perfect 61.8% retracement of wave 3's movement. The next question is where will wave 5 lead? I project wave 5 will occur by the end of this week, which means next week could have some downward movement. Before that drop lets look at the top. My maximum movement could be a 215% extension of Wave 3 which would bring the S&P 500 up to 2780.35. This seems quite extreme and would require 20-30 point moves each day for the next 3. The most likely extension will be 138.2% of wave 3 which would bring the index up to the 2754 mark. My minimal projection would be around 2745. I am positioning for a move between 2745 and 2760 over the next 3 days. Let's see what happens...
SP:SPXLong
by StockSignaler
Will S&P 500 See Big Gains Into Memorial Day Weekend?Although the S&P 500 has had a more volatile year than 2017, I assess we are on the final leg up of the 9 year bull. I believe we have been in the third and most profitable wave since March 2009 at the market's last bottom. We should still run higher until October 4 - November 23 of this year with an ultimate market top between 3027 and 3194. While that is my standing assessment, more importantly is this week. If my charting is correct, we are in minute wave 5 which will top up within the next 2-3 weeks. If this is accurate we could have a major week with a 20+ move up (if it moves lower, I assess we are in minute wave c of minor wave 2 and minor wave 1 occurred on May 20). I am still working on my Elliott wave readings, but look forward to the week ahead. The catalyst for upward movement could be positive plans ahead of US-North Korea summit and trade deal between US-China that was achieved this past weekend.
SP:SPXLong
by StockSignaler
My Take On Chicago Bridge Elliott Wave MovementsEverything looks upward moving for CBI. Although a test came for dropping below the bottom at 12.10 on April 23, the bleeding stopped at 12.12. I believe the stock is currently in: Grand Supercycle: 1 Supercycle: 5 Cycle: 1 Primary: 3 Intermediate: 1 Minor: 3 Minute: 3 This chart displays my projected path through end of August 2018. The chart below is the projected movement through May 7. The chart below is the projected movement thorugh May 21. I will continue to monitor this movement as I am long with exit plans around August-September 2018. My ultimate target is 31.00 by September. Also expect 24.00 before end of July.
CLong
by StockSignaler
My Elliott Wave Analysis Found Next Major Market TopBased on my analysis of the Elliott wave that began around 1993, we are coming to the top of the third SuperCycle wave. SyperCycle Wave 1 ended with the market top in 2007 prior to the popping of the housing bubble. SyperCycle Wave 2 ended at the bottom in 2009 and we have been in SyperCycle Wave 3 ever since. I project the market top to occur between November 1 and December 31 this year (2018). The good news is my projected level is 18% higher than where we are now. My market top for the S & P 500 is between 3160.12 and 3194.67. Based on this timeframe, I wonder if the real world catalyst rekates to the North Korean peninsula matters, surprise in 2018 mid-term elections or some other event. I encourage other Wave Analysts to share your thoughts.
SP:SPXShort
by StockSignaler
2
Breaking Down CBI Wave 3Currently CBI has just begun the important wave 3. Based on the statistics observed during the current overall Grand Supercycle Wave (white roman numerals), our current wave 3 will most likely end around 31.41 around the end of August 2018. This will provide massive gains if buying stock and even larger ones with call options. The solid yellow lines represent the average levels observed throughout the Grand Supercycle. The average Fibonacci Extension from Wave 1 is 105.78% which is move to at least 22.66. The average days observed for a wave 3 coincides with the end of August 2018. The median Extension is 177%, and 176.4% is a Fibonacci number so this area is why I believe the movement should go at least here by the end of August. I have arrived at the solid red lines when the standard deviation is applied (added) to the average of the days elapsed and Fibonacci Extension percentages.
CLong
by StockSignaler
1
Intel Set To Lead Intermediate Bears DownAlthough, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.
NASDAQ:INTCShort
by StockSignaler