August 2021

SPX Aug 31 2021

S&P 500 Forecast update August 31 2021

The S&P500 is getting very close to our next upper trend line where we believe there is a good chance it will turn down towards our next entry zone which is LONG. A more riskier proposition would be to go short. However, as we have seen repeatedly this Index has a habit of being propped up on the smallest of retraces. This makes it difficult to enter any new position,… Read More »S&P 500 Forecast update August 31 2021

Gold August 30 2021

Gold Forecast Update August 30 2021

Gold has significantly exceeded our trend line so we have cancelled our short entry zone. We are now looking at two possibilities – once again both short entry zones. The nearest zone comes into play within the next week and we believe this is higher than normal risk – so be wary of this if going short. Mid to late September may be a much better risk/ reward proposition as… Read More »Gold Forecast Update August 30 2021

FTSE Aug 27 2021

FTSE forecast update August 27 2021

The FTSE 100 didn’t quite hit our long entry point yesterday. For some that might be enough confirmation that the FTSE is going to continue marching upwards for the next few months but we’re not convinced – it would take a strong push above our unconfirmed trend line (currently at 7170 ish) to make us look at our forecast again. Disclaimer The content on this site including products sold in… Read More »FTSE forecast update August 27 2021

SPX Aug 26 2021

S&P 500 Forecast Update August 26 2021

The S&P 500 has simply become fixated with our trend line but the next few trading session should resolve things one way or another once again proving that the most important thing about trading is having the patience to wait – or walk away. Disclaimer The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest, Linkedin and any other site or… Read More »S&P 500 Forecast Update August 26 2021

FTSE Aug 25 2021

FTSE Forecast update August 25 2021

The FTSE is now at our time period where we are looking for a long entry on our forecast. Remember we have an upper and lower zone with the lower zone needing a similar fall to that of last weeks to be hit – so it is certainly well within the realm of possibilities. Risk takers may be thinking about going long at this point with a target of around… Read More »FTSE Forecast update August 25 2021

Dow August 23 2021

Dow Jones Forecast August 24 2021

The Dow is at a very interesting level today. It has hit an upper trend line we have been following from February 2019 to February 2020 and its also at a point where we would expect other Indices to take a breath. This does not mean we think the market is going to collapse – it simply means this could be an opportunity to confirm a major long term trend… Read More »Dow Jones Forecast August 24 2021

Gold August 8 2021

Gold Update August 8 2021

Gold is ever so slightly out of sync with our forecast which means we should all be concerned. Today it moved a teeny bit above an important trend line but with the markets and platforms are controlled this may mean nothing at all. Time to sit back and keep a close eye on things.

FTSE-Aug-23-2021

FTSE Forecast update August 24 2021

There is no change to our forecast on the FTSE 100 today. Over the next few days we are looking for resistance between 7167 and 7180 as a turn down at these levels will increase our confidence that our long entry points will be hit – if not this index could continued to push forwards to the short entry point at 7500 (ish). Disclaimer The content on this site including… Read More »FTSE Forecast update August 24 2021

SPX Aug 23 2021

S&P 500 Forecast Update August 23 2021

The S&P is now entering a number of zones which will provide some key resistance and will hopefully propel it downwards towards our long entry point next month. The trend line it is hovering around at the moment is “unproven” when it comes to upwards resistance but we have watched this line since early May with great interest and you can see how it provided support throughout July and August.… Read More »S&P 500 Forecast Update August 23 2021