Our analysis of the S&P 500 is for a minor pullback in the stock market before resuming what will likely be a move to new highs. More specifically, for next week we expect a move lower to 2760, which is a rising Fibonacci level. After this market cycle ends, we will adjust our expectation to bullish, with an intermediate projection for the market to reach 2872, perhaps by August. Once it does, we will look closely at how it acts and revise our expectation accordingly.
Disclaimer: So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely ...
Disclaimer: So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely held stocks, futures and ETFs. Watch Slim's very popular short-term view of the markets every week. And, contrary to most analysts, he holds himself accountable to his analysis each week. Also, there are interviews of coaches, traders and other market pros, along with an occasional political rant. Slim is still an active trader in index futures, gold, silver, bonds, oil, dollar, euro, stocks and options. He is also a trader coach and hedge fund consultant.
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