Market Forecast S&P500, Dax and Nikkei

Posted by Patrick Ceresna on Aug 9, 2013 9:12:00 AM

The S&P500 is hovering at a critical pivot. Rallies have been failing while selloffs have had no follow through. We are in a bull market and the market has yet to do anything bearish, but at the same time markets very rarely advertise a turning of the tides. Those of our readers that have taken our Technical Masters Program understand the rules of symmetry, and it is interesting that the rallies in the Nasdaq100 and the S&P500 have both stalled out at the completion of measured moves. So a market correction off these levels would be very natural for the markets.

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Topics: Market Forecast, S&P; German Dax; Japanese Nikkei

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