ChartsEdge weekly cycle forecasts for (US) equities and gold: week of 10/26

Here are the week-ahead cycle-based forecasts from ChartsEdge for the upcoming week of October 26. 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 the ChartsEdge 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).

It's not unusual to see equities weaken a few days before the end of any month, then rise into the first few days of the following month. It's generally attributed to buying tapering off, then fund managers buying the dips in preparation for new money coming in at the start of the new month. Perhaps we'll see some of that. Not something I use axiomatically, just something to keep in mind as equities move (especially since they very rarely move in a straight line).

One comment I'd like to make about cycles - I was thinking yesterday about the Armstrong Economic Confidence Model, and how the markets seem to have inserted 6 months from what that model predicted for an interim high - April 17-21 (roughly), to this time window in October. I'll leave it to cycles experts to wrestle with how that works in, mathematically. It just does seem quite interesting. But - back to the ChartsEdge cycle work.

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