Stock Market Trend Forecast Update
Stock-Markets / Stock Markets 2018 Sep 11, 2018 - 08:04 AM GMTIt's now nearly 2 months since I published my stock market trend forecast for the whole of the remainder of 2018 on the 21st of July 2018 which was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Dow Stock Market Trend Forecast 2018
Dow Stock Market Forecast Conclusion
Therefore my forecast conclusion as illustrated by the below chart is for the Dow to target a trend towards Dow 26,000 by Mid September, following which the market should correct during October that could retrace all of the move from August to Mid September which would then set the scene for the Santa rally to start during November and continue post Christmas that would target a new all time high at approx Dow 27,000.
As I stated in my update of a couple of weeks ago (26th August) that I expected the then relatively stronger Dow to resolve towards convergence with my forecast rather than to trend to a higher Dow target than my forecast of 27,000 by late December 2018.
Which has subsequently come to pass as the Dow has been correcting during the past couple of weeks. Therefore, some 7 weeks into the forecast the Dow remains on track towards achieving it's forecast trend trajectory.
For First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat. My most recent analysis is a Gold price trend forecast for the whole of the remainder of 2018, following which is a look at the Silver price, and then the UK housing market.
And finally here's another unique view of London in VR 360.
Nadeem Walayat
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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