S&P500 Short Term Market Breadth Analog Forecast Starting Mar 14, 2016

By Lawrence

Review of Forecast for Mar 7, 2016


Going sideway materialized early in the week. 1.5% drop defended blocking 2.5% expansion from happening. Wild swings late in the week switching between bullish and bearish real-time breadth as forecasted. The breadth analog model did a great job for the week.

Forecast Starting Mar 14, 2016


Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Mar 11, 2016:
  • Custom breadth exhaustion in place with a false breakout in the making due to lack of bullish breadth support
  • Once 1.5% drop is in place it is likely it will extend to 2.5% and more
  • Extreme intraday volatility in both direction expected
  • Multiple intraday turning points expected with wild swings that has to be identified with real-time breadth

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Report Snapshot


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Short Explanation About The Model


My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.

For the technical explanation of the concept, you can read about it here, Market Breadth Primer: Market Breadth Analog Forecasting Method

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