Dow Jones May Have Already Bottomed But SP500 & NASDAQ Have Further To Go
DOW JONES DAILY PRICE CHART
Now for the really good stuff, the YM may have already reached its lowest point and may begin to form a bottom near the 26000 levels. This is the predicted downside price target level from our ADL predictive modeling system and it only took two big down-days to reach this level. We really need to pay attention to how the markets react at this point and the YM will be key to understanding if the rest of the ADL predictions about the ES and NQ are likely to play out as we suggested.
DAILY SP500 INDEX
This ES chart highlights the downside price move to the 2880 level, our projected price target, and initial support level. At this point, the ES has fallen, just like the YM, to levels that may prompt some price support. We do believe the ES will fall further, possibly targeting the 2800 price level, before finding any real support.
Read the research articles listed in today’s research post. We’ve been well ahead of this move the entire time and we called this move perfectly using our predictive modeling systems, Fibonacci price modeling systems, and other tools. Our researchers have the ability to see into the future sometimes without predictive modeling tools.
In fact, we already have an idea of what will happen over the next 3 to 5+ years, but the price is our ultimate tool of choice. We allow price to dictate what it wants to do, then use our predictive modeling tools to align price movement with our technical and predictive analysis – that is our secret, and you can’t get it anywhere else on the planet.
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Chris Vermeulen
www.TheTechnicalTraders.com
