Markets Set To Fall For Remainder Of Month; S&P 500 DropI was slightly premature in my previous analysis. My data was lacking and I took a leap. The data is finally in and the drop will occur as projected. We will watch the market drop for the rest of the month before it flies high into the fall. The pink box with the black outline is the projected bottom for the coming drop. My more realistic zone is above the trend line (purple background with thick red border).
The projection box has the bottom between July 27 and July 31. The bottom should occur below 2797.42 and above 2764.90.
My zone to watch has the bottom no lower than 2781 if the trendline acts as support. Possible flirtation and a quick drop below this support is always possible.
Look to a drop in this area as a great buying opportunity.
EXTERNAL FACTORS
The external factors which may lead to this drop could be weaker than expected outlooks during the next week of earnings season. Lack of trade negotiations between the United States, its allies and China could also lead to the quick drop.
After this drop, I expect the market to gain 9-11% through October 2018. This could be due to trade deals finally panning out.
Stay tuned for more projections. I am preparing for the major market drop that is coming. I will have more projections and articles out detailing the specifics and the stocks that forecast market tops before they occur. I have a great one that has been accurate since 1987!
