The Trust Layer for Market Analysts

The S&P is likely to make a high this week, then come down into mid to late June. The market rallied last week, and the momentum balance technique projects it will go higher into the 6150 area potentially. There is expected to be a decent break, but not a downtrend, just a pullback shaking out longs. The expected target is 5500. Following this pullback, there is expected to be an additional rally into the middle of August. The highest probability pattern involves the 20-year cycle, and the market 18 years ago and in 2020 also have the same pattern. These patterns all anticipate declines into October. Next 6 months, higher prices with a sluggish market around August or September and ending in October. End of the year, an explosion again taking it up to February through April of next year as a major top. A bear market would follow. If the market breaks above 6350, the analysis would be invalidated.