@s29
The forecast has not changed with the the price target being around the 30 000 area on the Dow. but I suggest you subscribe to the pro version if you actually want more specific trade information by Armstrong. It is extremely unfair to post information posted on his private blog when people are paying their hard earned money for the same information but essentially the S&P 500 and Nasdaq on the weekly level is now showing a major turning point the week of the 13th of January 2020 exactly in line with the ECM(2020.05) We should then see a move to the downside thereafter into at least 2021. Armstrong calls for a 20% or more correction.
If this happens AnonymousCoder and others will be silenced for good and believe me I will be shorting the hell out of this market the week of the 13th of Jan 2020 which should produce a high on a intraday or closing basis on the weekly level.
So what if it doesn't happen, what is the excuse then? The model forecast a major turning point, what do you define as a turning point? What if in later months it rises above that point? How can we infer that this statement is wrong. It all seems wish-washy with no clear target or concise statement. What do you exactly mean. Others are welcome to write.
There can be no excuse that is impossible. If we see a high in line with the ECM the market has to go down or the ECM will be proven to be completely false. The opposite took place with the US market moving down as we approached the 2015.75 ECM target indicating a cycle inversion into 2020.
A turning point meaning a high/low on an intraday or closing basis, in this case for the week of the 13th. The market will need to rise above the turning point after the week of the 13th of Jan intraday and also close higher on a weekly closing basis in order to infer the statement is wrong.
There are only two possibilities since the week of the 13th Jan is showing up as a major turning point, a high on an intraday or weekly closing basis the week of the 13th means a drop into 2021, a low means we get another cycle inversion.