Sunday, January 31, 2016
ChartsEdge 2/1/16 week forecast for $SPX equities
Mike's ChartsEdge cycle-based forecast last week proved out well. Here is his forecast for the upcoming week, in the S&P 500 index $SPX (not sharing publicly his forecasts for the Nasdaq 100 index $NDX or $Gold $GLD). I appreciate his letting me share this, for those new to his work; it's just one part of what he does, but it's an interesting composite of what his system sees based upon a combination of cycles. So, below is only his $SPX forecast for the upcoming week (thanks again Mike!). His subscribers receive the week-ahead forecasts for $NDX and Gold too, plus the month-ahead and quarter-ahead views for all three - and additional features and updates. His website is ChartsEdge.com. Totally un-affiliated with ChartLines; I just have the opportunity to share them here, and do. These are the cycle-based charts, meaning forecasts comprising an integrated view of cycles in this time frame. These are mainly a guide for highs and lows, not necessarily absolute price levels. Mike also uses other methods to generate daily updates for stocks intraday, plus month- and quarter-ahead guidance, reserved for subscribers (I believe you're missing out if you don't see the additional forecasting he provides to subscribers for a very reasonable fee). ChartsEdge incorporates computer-analyzed cycles, pattern recognition, data on solar cycles, and geomagnetics.
Posted by Ariel at 1:35 PM