Feb 21

Weekend Outlook for 23th February 2015

Markets at all time highs yet again and as mentioned , I was wrong on the previous highs and did not expect mkts to break it. However I still think we are at a “major bull market” top area now and I dont see much upside in US markets.

If i’m correct mkts is topping out now in a major bull market top and we might be about to start a new bear market from here.

With this I expect Gold has possible formed a bear market bottom and a new bull market in Gold could occur.

All in all:

1. SPX likely to see last push up to 2120-2130 and hit the trendline , but expect mkts to top out here in this area before a sharp sell off occurs in a start of bear market.

2. Gold likely to see a bit more downside , possible down to 1170-1180 trendline support before taking off again. So expect some more weakness in Gold but buy that dip as I think its setting up for another rally higher

3. Natgas as predicted bottomed 2.5-2.6 and setting up for a multi month rally higher

4. DAX also likely to top out one a final push higher then sell off to start in EU too.

Conclusion: The conclusion is that everyone is now bullish mkts and think nothing can make this mkts fall down , it happends everytime we are topping that people are bullish , at the moment I believe we are about t see a very sharp sell off again and a possible BULL MARKET top ending here.

Time will tell coming weeks what will be right , but if we start a sell off sharply from here , this could mark the bull market top.


Comments (1)

Add a comment

  1. Fatal error: Uncaught Error: Call to undefined function mysql_escape_string() in /home/customer/www/sqwiitrader.com/public_html/wp-content/plugins/mingle/classes/models/MnglUtils.php:9 Stack trace: #0 /home/customer/www/sqwiitrader.com/public_html/wp-content/plugins/mingle/classes/controllers/MnglAppController.php(429): MnglUtils::get_user_id_by_email('kmebit@gmail.co...') #1 /home/customer/www/sqwiitrader.com/public_html/wp-includes/class-wp-hook.php(326): MnglAppController->override_avatar('<img alt='' src...', 'kmebit@gmail.co...', 40, 'mm') #2 /home/customer/www/sqwiitrader.com/public_html/wp-includes/plugin.php(205): WP_Hook->apply_filters('<img alt='' src...', Array) #3 /home/customer/www/sqwiitrader.com/public_html/wp-includes/pluggable.php(3012): apply_filters('get_avatar', '<img alt='' src...', 'kmebit@gmail.co...', 40, 'mm', '', Array) #4 /home/customer/www/sqwiitrader.com/public_html/wp-content/themes/sqwii/library/tfuse_mods/thememodules/theme-comments.php(71): get_avatar('kmebit@gmail.co...', '40') #5 /home/c in /home/customer/www/sqwiitrader.com/public_html/wp-content/plugins/mingle/classes/models/MnglUtils.php on line 9