S&P500 Short Term Market Breadth Analog Forecast Starting May 4, 2015
By Lawrence
Review of Forecast for Apr 27, 2015
The significant selling warning nailed the scenario completely. The breadth analog model did an excellent job again.
Forecast Starting May 4, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of May 1, 2015:
2nd week of the expected weaknesses to continue.
Can bottom out this week but odds favour one week from now.
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 May 4, 2015
Review of Forecast for Apr 27, 2015
The significant selling warning nailed the scenario completely. The breadth analog model did an excellent job again.
Forecast Starting May 4, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of May 1, 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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