Here is the current Sentient Trader Outlook for the S&P500 (data up to 30 August).
The long term picture shows that price is expected to fall into a trough of the 4 1/2 year cycle towards the end of 2011, beginning of 2012.
Here is a medium term view where the straddled 40-week trough can be clearly seen, and the likely 20 week trough is positioned on the 9th August. The projection boxes are for the current 40-day cycle.
And here is the short term view, where the current 40-day cycle looks close to it’s peak, after which we expect the market to fall below 1150.
We will update this outlook every week. I hope you enjoy our new to-the-point format!
