Professor’s Comments March 21, 2018

Posted by OMS  at March 21st, 2018

We had a very bad storm in Jacksonville last night and I’m having internet problems this morning. So without internet access, I haven’t been able to get a complete download of data. The limited data I did receive showed the following:

The Dow bounced back from oversold conditions yesterday. It finished up 116 points, closing at 24,727. The NASDAQ and SPX finished up 20 and 4 points, respectively.

Today could be a big day for the markets. As I mentioned yesterday, the Fed will be announcing its latest policy on interest rates at 2pm today. Depending on how the market reacts to the Fed announcement, it could cause the Dow to break out of the triangle it has been forming since 26 January.

If the breakout is positive, and the Dow starts to move higher, it could start to move above 25,300. This would likely turn many of my key indicators positive, which would signal that final Wave 5 up is underway.

On the other hand, IF the market doesn’t like what the Fed has to say, the Dow could start to move below 24,000. This would be a good indication that the Bull Market that started in March 2009 is over, and that Major Wave 3 down is underway.

Be extremely careful now.

That’s what I’m doing,

h

Market Signals for

03-21-2018

One hour video recorded from May 28, 2016 The Professor’s Signs of a Major Market Turn – Prospectives and the Projected Timing and Levels One hour streaming video – includes webinar handouts The Professor usually holds an update class whenever the Market looks like it may be making a major turn. If you have been following the Professor’s Comments you know that a turn is due….. LEARN MORE

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