Our analysis of the S&P 500 over the coming two weeks is for the stock market to face a period of risk, as shown on the chart above taken from the askSlim Stock Index Report. We see a possible move higher early next week, with resistance at 2744. We are then looking for a downside move of 125-150 points over the coming two weeks. There is further risk in the subsequent market cycle. The reason that we see this period of risk approaching is our projection for the conclusion of a longer-term market cycle.
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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