Market Direction and Stock Trends

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S&P 500 Index Update
By: Martin Armstrong | November 6, 2018

Looking at the Array, the key Weekly targets on the Turning Point Model, defined as highs or lows on an intraday or closing basis, are the weeks of 11/12, 11/19, 11/26, 12/10, 12/17 and 1/7. Considering all factors, there is a possibility of a decline moving into 11/12 with the opposite trend thereafter into the week of November 19th. The strongest target in the Weekly array is the week of November 12th for a turning point ahead. It does appear we have a choppy period starting 11/12 until 11/26 with each target producing the opposite direction for that 3-week period. We also see a choppy period between 12/10 until 12/17 with each target producing the opposite direction for that 2-week period. We have a Weekly Directional Change target due the week of 12/24. Our volatility models also target this date as well.

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