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Posted byu/jonkuok
12 hours ago
20200603 US Share Market June
The NASDAQ Array has shown that June was the target with also a Directional Change due this month. This is 3 months from the low so we are still in a reactionary phase. Note how the strongest targets are September and then November during the elections.
Here we can see that is the NASDAQ exceeds 9750 on a closing basis, it can make a new high and then fail. This is likely if the Dow cannot exceed its Weekly Bullish in the 27000 level. Keep in mind that the low in the NASDAQ was 2002 - not 2009 as was the case in the Dow and S&P500. This is part of this Paradigm Shift and it is warning that this index may peak out as early as 2025.
12 hours ago
20200603 US Share Market June
The NASDAQ Array has shown that June was the target with also a Directional Change due this month. This is 3 months from the low so we are still in a reactionary phase. Note how the strongest targets are September and then November during the elections.
Here we can see that is the NASDAQ exceeds 9750 on a closing basis, it can make a new high and then fail. This is likely if the Dow cannot exceed its Weekly Bullish in the 27000 level. Keep in mind that the low in the NASDAQ was 2002 - not 2009 as was the case in the Dow and S&P500. This is part of this Paradigm Shift and it is warning that this index may peak out as early as 2025.
After missing a whopping 40+% rally of the lows, now Armstrong says that June was always the target. Bravo Marty, amazing forecast as usual!
Dow Jones closed above 27,000. Now what? Is Armstrong suddenly turning bullish, after missing an almost 50% rally of the lows?!?
Quote
24023018477
23 minutes ago
He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. Armstrong markets blog are so vague and open to interpretation. No one knows what the fuck they mean. Completely pointless.
The Corona Virus has been his Madoff moment and has exposed him for what he is. No doubt he has alot of knowledge and his blogs do provide some useful insight. But when it comes to forecasting and trading he is useless. Being a Permabull during a 11 year bull market has managed to hide some of his sort comings.
23 minutes ago
He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. Armstrong markets blog are so vague and open to interpretation. No one knows what the fuck they mean. Completely pointless.
The Corona Virus has been his Madoff moment and has exposed him for what he is. No doubt he has alot of knowledge and his blogs do provide some useful insight. But when it comes to forecasting and trading he is useless. Being a Permabull during a 11 year bull market has managed to hide some of his sort comings.
This Reddit-guy is exactly right
