Good evening Constant Reader: I think the system is starting to correct after the Fed’s “kick” the other day. My sources with the tin foil hats say tomorrow should close somewhere between 2052.24 (-0.57%) and 2071.38 (+0.36%). If you’re feeling adventurous, there is a tighter range that is also possible, but I am slightly less confident in it. The closing … More S&P 500 Prediction – March 31, 2016
The SPX closed just outside the top predicted range today at 2063.95 (+0.44%). The prediction was 2062.54 (+0.37%).
Good evening Constant Reader: March 29 saw the market react to Chair Yellen’s comments in a predictably unpredictable way. The SPX closed at 2055.01 (+0.88%). For March 30, I see two possible ranges. The first is very tight, and while within probabilistic parameters of where we are on the RHS of the larger probability wave, I … More S&P 500 Results & Prediction – March 30, 2016
UPDATE: I gave futures prices instead of SPX. Apologies. Corrected prices for SPX below. Good evening Constant Reader: Tight prediction for the SPX‘s close tomorrow: 2029.93 (-0.35%) to 2037.56 (+0.02%) There is a small chance that it could blow past this floor. If this happens, I predict a safety net at 2017.83 (-0.94%).
Good afternoon Constant Reader: Yesterday, I predicted the SPX would close somewhere in the 9-point range of 2032.89 to 2042.09. I also predicted a down or relatively flat close from yesterday. Well, it closed at 2037.05 (+0.05%). It also basically never left the predicted range with the low reaching 2031.96 and the high 2042.67. Hope you … More S&P Results – March 28, 2016
Good morning Constant Reader: Futures open up tonight so even though it’s Easter Sunday for many I wanted to get this up for you. I am 92% confident that the SPX will close between 2032.89 and 2042.09 (about a 9 point range). I am 97% confident it will close between 2016.48 and 2042.09 (much wider…about 26 points). To add … More S&P Prediction – March 28, 2016
Good evening Constant Reader: The SPX closed in the predicted range today. Enjoy the 3-day weekend. U.S. markets are closed March 25th for Good Friday.
I see a general SPX down trend for the next 8-9 trading days. There will be 1 or 2 slightly up days, but the rest will be down. After that, there will resume an up trend. Long days & pleasant nights.
Good evening Constant Reader: For March 24, I see a 83% chance of the SPX closing between 2022.00 (-0.82%) and 2047.93 (+0.55%). If it’s up by more than 0.60% anytime tomorrow, I’d say there’s a 94% chance of it coming back to at least 2048.81 (+0.59%) before the close. LD&PN.
Good evening Constant Reader: The SPX broke out of the model’s limits today and closed at 2036.71 (-0.64%).