S&P500 Short Term Market Breadth Analog Forecast Starting Aug 10, 2015
By Lawrence
Review of Forecast for Aug 3, 2015
Range completely trapped within the range from the week before. Sideway expectation panned out nicely. End of week bearish actions confirming swing top potential. The breadth analog model did an excellent job last week.
Forecast Starting Aug 10, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Aug 7, 2015:
Sideway market actions for the coming week with both directions likely contained within 1%
Turning mildly bullish going into 2nd and 3rd week
Potential swing low forming
Report Snapshot
Short Explanation About The Model
My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
S&P500 Short Term Market Breadth Analog Forecast Starting Aug 10, 2015
Review of Forecast for Aug 3, 2015
Range completely trapped within the range from the week before. Sideway expectation panned out nicely. End of week bearish actions confirming swing top potential. The breadth analog model did an excellent job last week.
Forecast Starting Aug 10, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Aug 7, 2015:
Report Snapshot
Short Explanation About The Model
My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
For the technical explanation of the concept, you can read about it here, Market Breadth Primer: Market Breadth Analog Forecasting Method
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