The market was consolidating today with the Dow Jones down -35 points (0.22%) and the Nasdaq up +6 points (0.14%).
With relative calm on macroeconomic front the markets are searching for direction. Of course, we know what that direction is. Even though the market was calm today, I do not expect that trend to continue over the next two days. We have a number of interference patterns and inflection points arriving this Thursday and Friday. As such, I would expect the volatility to return. Perhaps it will rime with further developments in Ukraine, but for our purpose, it is irrelevant. As I have mention before, the next turning point is located at:
Date: XXXX
Price Target: XXXX
When this turning point is reached, I anticipate the market to…. XXXX…… Either way, we must be vigilant and risk averse here. Given anticipated volatility, a complex reversal and a number of significant points of force (in March alone), it pays to be careful. Other than that, all positioning and analysis discussed over the last few days remain intact. All except one thing.
XXXX
Please Note: XXXX is available to our premium subscribers in our + Subscriber Section. It’s FREE to start. If you would like to learn exactly what the stock market is going to do over the long term as well as over the short term (including exact dates and prices), this would be a great place to start.
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