Sobering forecast for 5/23 week from ChartsEdge cycles for equities & gold

The warning signs for the week ahead in the stock market and gold have increased with the cycle-based forecasts from Mike Korell's ChartsEdge. While the month- and quarter-ahead guidance, along with day-ahead forecast charts, are reserved for subscribers, the week-ahead set is shared publicly, see below (thanks again, Mike!). These point to a retest of the 1322 $SPX level that was poked last week. We'll have to see whether or not the forecast continued correction makes a lower low before the next, holiday-shortened (Memorial Day) week leading into June.

ChartsEdge also incorporates data on solar cycles, geocosmics and geomagnetics. Their forecasts come in several types for subscribers using not just computer-analyzed cycles but also beta waves and pattern recognition. There's additional info on that at his website (and some is also at my "UBTNB3" blog), see links above and at the right side of the page here.
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