Friends,
About 5 months ago (October 30th, 2013), I offered a moderate probability target at 5786.81. As of this this month, target got hit dead-on.
- Here:
More recently, I added a lesser probability target, based on momental line/channel supports and predictive analysis result.
- Here:
Now that the market has rolled down from the primary target, there is serious concern as to its ability to persevere to the higher, last target.
OVERALL:
Once sufficient data comes in, I will provide the result of any bearish target. For the time being, some unwinding needs to take place, as I expect a consolidation period would occur at these significant levels. For these reasons, I will switch the directional indicator from LONG to NEUTRAL. My own directional bias is neutral to bearish, based on fundamental and technical concerns discussed relative to the US Dollar index and the risk-related USDJPY:
- USDollar Index:
- USDJPY:
CHeers,
David Alcindor
Predictive Analysis and Forecasting
Get my signals, analyses and forecasts on Twitter:
(Alias: @4xForecaster)
-------------------------------------
Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
About 5 months ago (October 30th, 2013), I offered a moderate probability target at 5786.81. As of this this month, target got hit dead-on.
- Here:
More recently, I added a lesser probability target, based on momental line/channel supports and predictive analysis result.
- Here:
Now that the market has rolled down from the primary target, there is serious concern as to its ability to persevere to the higher, last target.
OVERALL:
Once sufficient data comes in, I will provide the result of any bearish target. For the time being, some unwinding needs to take place, as I expect a consolidation period would occur at these significant levels. For these reasons, I will switch the directional indicator from LONG to NEUTRAL. My own directional bias is neutral to bearish, based on fundamental and technical concerns discussed relative to the US Dollar index and the risk-related USDJPY:
- USDollar Index:
- USDJPY:
CHeers,
David Alcindor
Predictive Analysis and Forecasting
Get my signals, analyses and forecasts on Twitter:
(Alias: @4xForecaster)
-------------------------------------
Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
