ChartsEdge week-ahead cycle forecasts for equities and gold

Here are the week-ahead cycle-based forecasts from ChartsEdge for the upcoming week of December 7. As they remind us from time to time, these primarily depict timing and not necessarily relative price highs and lows. These forecast charts also gain more predictive strength when similar moves are indicated by ChartsEdge's daily BP maps and Pattern Recognition charts (both of which are available daily before the open at ChartsEdge's subscriber site). More information on how they generate these cycle-based forecasts is available from the ChartsEdge site (link above and in list at right), much of which I've also placed at my NB3 education site (link at right).

Readers who are wondering whether the top is in on this rally, need to get very objective and be prepared to get long the market at least from time to time here - judging by the look of these charts. Of course there's more to consider; but these suggest that we cannot assume it's downhill from here. Cycles don't always tell you levels but it seems there are some upmoves ahead that you should be prepared for in case they do exceed levels you've planned on - levels like Dow 10,500 and SPX 1112 and 1122. Don't forget that the advance/decline line, TRIN and other indicators that don't confirm "the big high". Unless and until a top is confirmed, the uptrend remains intact.

But without further ado, here's the week-ahead view from ChartsEdge:
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