Major Low Ahead: Preliminary Signal

The last signal from the Moving Average Momentum (MAM) Indicator pointed to a significant HIGH between March 6-13 (daily closing high was on March 9).  Today's data issued a preliminary signal for a major LOW between April 13-20.  This is corroborated with the weekly forecast indication of a low by next week.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."