S&P500 Short Term Market Breadth Analog Forecast Starting Dec 14, 2015
By Lawrence
Review of Forecast for Dec 7, 2015
Bearish expectation worked out. The expansion to 2.5% or more downside also worked out. The breadth analog model did an excellent job for the week.
Forecast Starting Dec 14, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Dec 11, 2015:
Bottoming process potential
Once 1.5% rally is in place continuation up to 2.5% is likely
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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 Dec 14, 2015
Review of Forecast for Dec 7, 2015
Bearish expectation worked out. The expansion to 2.5% or more downside also worked out. The breadth analog model did an excellent job for the week.
Forecast Starting Dec 14, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Dec 11, 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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