As of 08/05/2022
  Indus: 32,803 +76.65 +0.2%  
  Trans: 14,601 +122.31 +0.8%  
  Utils: 1,014 -7.66 -0.7%  
  Nasdaq: 12,658 -63.03 -0.5%  
  S&P 500: 4,145 -6.75 -0.2%  
YTD
-9.7%  
-11.4%  
 +3.4%  
-19.1%  
-13.0%  
  Targets    Overview: 07/28/2022  
  Up arrow33,300 or 31,400 by 08/15/2022
  Up arrow15,200 or 13,400 by 08/15/2022
  Up arrow1,040 or 975 by 08/15/2022
  Up arrow12,900 or 11,300 by 08/15/2022
  Up arrow4,200 or 3,900 by 08/15/2022
CPI (updated daily): Arrows on 7/15/22
As of 08/05/2022
  Indus: 32,803 +76.65 +0.2%  
  Trans: 14,601 +122.31 +0.8%  
  Utils: 1,014 -7.66 -0.7%  
  Nasdaq: 12,658 -63.03 -0.5%  
  S&P 500: 4,145 -6.75 -0.2%  
YTD
-9.7%  
-11.4%  
 +3.4%  
-19.1%  
-13.0%  
  Targets    Overview: 07/28/2022  
  Up arrow33,300 or 31,400 by 08/15/2022
  Up arrow15,200 or 13,400 by 08/15/2022
  Up arrow1,040 or 975 by 08/15/2022
  Up arrow12,900 or 11,300 by 08/15/2022
  Up arrow4,200 or 3,900 by 08/15/2022
CPI (updated daily): Arrows on 7/15/22

Bulkowski's June 2022 Forecast Update

Released 5/31/2022.

Forecast Updated for June 2022

Below is the updated forecast for 2022 as of the close on Tuesday May 31. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

On some of the charts (all except the CPI chart) the prediction in red is based on the work of Edgar Lawrence Smith in the 1930s. Smith said that the stock market followed a 10-year cycle. Each year tended to repeat the behavior of the year a decade earlier. In other words, if you averaged all years ending in 1 (2001, 1991, 1981 and so on), that would give you a forecast for 2011. For 2012, you'd make a similar average, only use 2002, 1992, 1982, and so on. That's what I did for the market forecast charts which follow.


1 / 5
chart pattern indicator

This is a graph of the chart pattern indicator (CPI) against the S&P 500 index. Briefly, the CPI counts the number of bullish patterns to bearish ones in the belief that at significant market turns, the bearish patterns will outnumber the bullish ones, or vice versa. The thin blue line at the bottom of the chart is the CPI.

The indicator is bullish and it has remained bullish for a week now. You can see that by the vertical green bar on the far right of the chart. However, notice that the indicator has turned down after bouncing off its ceiling.

The next chart looks at the 2021 forecast update for the Dow industrials.
2 / 5
Dow industrials chart

The forecast is in red line. Notice that it peaked in mid March and predicts weakness going into July.

The chart shows the index made a recent low but if the forecast is correct, we still have more of a down move to go (until late July).

The forecast is incorrect because it shows the yearly high March. Instead, the index made the high in January and has been trending down since then.

The Nasdaq forecast is next.
3 / 5
Nasdaq chart

This chart of the Nasdaq shows a forecast for a decline going into July. It shows the Nasdaq ending the year lower than where it began.

The next chart shows the SPX (S&P 500).
4 / 5
S and P chart

This chart also shows the index bottoming in July with a lower year-end, too.

Next 2026 forecast.
5 / 5
2022 forecast chart

This is the 4-year forecast of the Dow Industrials starting from January 2022, weekly scale.

It also shows the forecast bottoming in July followed by a nice recovery going into 2026.

If the forecast is correct, you'll want to start buying in July and holding until at least 2026.

The end.

See Also

 
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