1. Why no changes? I have reach the point of “curve confirmation” for this coming rally.
2. The absolute floor prior to May 12th is 1732.
3. Whether it gets hit (and since I don’t think it will, IT PROBABLY WILL TAG 1734), next is week is A STRONG BUY FOR 4 MONTHS TO 4 YEARS.
If you’ve been following since late Feb, my refined forecasting engine had called the move to 1680 turn for turn. The search for the bottom was complicated, but I confirmed the bottom by May 12th. I now have enough info to call the move up. There will no changes to this curve I set today until July 7th. Meaning this trade is 18 weeks long, I am not forecasting a 30 pt move, I cam forecasting a 300 pt move:
a. we will hit the low this coming week (if we haven’t already, current odds strongly favor one more stab lower)
b. we will hit those 4 circles which are 1830, 1750, 1995 and 2080
c. we should hit 1995 level right around JULY 6TH
d. we should hit 2080 level AUGUST 25TH to SEPTEMBER 5TH
Last year, at the point of curve confirmation, the engine was strong for 40 days. I believe I have refined this to 120 days, meaning this call is to match last year’s high by 09/03/21.