S&P500 Short Term Market Breadth Analog Forecast Starting Mar 14, 2016

By Lawrence

Review of Forecast for Mar 7, 2016

Going sideway materialized early in the week. 1.5% drop defended blocking 2.5% expansion from happening. Wild swings late in the week switching between bullish and bearish real-time breadth as forecasted. The breadth analog model did a great job for the week.

Forecast Starting Mar 14, 2016

Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Mar 11, 2016:

Custom breadth exhaustion in place with a false breakout in the making due to lack of bullish breadth support
Once 1.5% drop is in place it is likely it will extend to 2.5% and more
Extreme intraday volatility in both direction expected
Multiple intraday turning points expected with wild swings that has to be identified with real-time breadth

For timely update including real-time trading signals and analysis join us today.

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

To access the market breadth analog forecast report daily, sign up as our paid member now