S&P 500 and Nasdaq cycle forecasts from ChartsEdge suggest continued level-testing for the week of March 30

Here are the cycle forecast charts for the week ahead from ChartsEdge (site included in "other sites of interest" at right side of the page), for the S&P 500 and Nasdaq. These suggest that the "buy on Monday" crowd may have another good week, perhaps more subdued than in recent weeks. The generals' (institutional traders) end-of-quarter window dressing for March 31 certainly has been helped by the improved market internals and wave/cycle timing! There are some who also believe in the new-money phenomenon, with many funds receiving investor's contributions at the beginning of each month; and this is documented, although the effects aren't as strong every single month. (Actually it's nice to see that these ordinary investors were rewarded better from early March, than from early January and early February!) Then there are some other factors to consider into April - cycle and Elliott Wave suggestions for a bear market rally, plus the Armstrong date coming up, perhaps the effects of Fibonacci time cycles, Merriman's financial astrology, and others .... including a reminder (thanks Denny!) about IRA and 401k investors pushing money into retirement accounts in time for April 15. It's a wonderful thing.

Well - I'm getting WAY ahead of myself. You can see the longer-term forecasts if you're a ChartsEdge subscriber, and besides as Yoda said (or will say?), "Always in motion, the future is!" For myself, I'm keeping an eye on the top of that Fibonacci zone I mentioned, at 833 (although there are other Fibonacci levels and pivots from Andre Gratian and Tony Caldaro to consider too). All of the above comments are just my own (not speaking for ChartsEdge). For the week ahead - here are the weekly equities cycle forecasts from Mike Korell at ChartsEdge: