As of 11/22/2024
Indus: 44,297 +426.16 +1.0%
Trans: 17,367 +194.86 +1.1%
Utils: 1,067 -8.74 -0.8%
Nasdaq: 19,004 +31.23 +0.2%
S&P 500: 5,969 +20.63 +0.3%
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YTD
+17.5%
+9.2%
+21.0%
+26.6%
+25.1%
|
 46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,200 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 |
As of 11/22/2024
Indus: 44,297 +426.16 +1.0%
Trans: 17,367 +194.86 +1.1%
Utils: 1,067 -8.74 -0.8%
Nasdaq: 19,004 +31.23 +0.2%
S&P 500: 5,969 +20.63 +0.3%
|
YTD
+17.5%
+9.2%
+21.0%
+26.6%
+25.1%
| |
|
46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,200 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 | ||
Released 4/30/2020.
Below is the updated forecast for 2020 as of April 30. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
This chart hasn't changed much since two days ago when we saw it last. The bearish divergence is more pronounced, perhaps. The indicator line took a big dip today. If we get another down day, the signal might flip from bullish to bearish.
The red line is the forecast. I drew two vertical green lines as references to the major bottom and to today's price. The forecast is for the Dow to close the year at 28,838.95.
If the forecast works, expect the Dow to stay lower until the start of July 2020, then a recovery to the October low and up from there to year end.
The next chart shows the Nasdaq forecast on the monthly scale for a 10-year look.
The index struggles until mid 2022 and then makes a strong push higher, almost tripling from the 2021 low.
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