Short-term outlook for stocks

We are hitting the lower edge of our projected upside resistance range now.

We now feel - based on the patterns / waves that have traced out on the chart - that the market will top at or very near current levels just under 2100 and start the ultimate topping process for this move. See the chart below for the updated wave count and projected moves:

We should top here / close to here and then pull back to 2050 at least and likely to 2025.

We should then bounce back up to near 2100.

We should then pull back a bit further to either 1985 or 1958.

Then, one more test of the upside target range of 2095 - 2160.

Then, look out below.

Of course, we'll adjust things based on where the actual tops are made, but this seems to be a pretty good general forecast.

Posted to Peak Analytics' Direction... on Apr 19, 2016 — 11:04 AM

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Excellent advice these last turbulent months...
         
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