Forecast of the Nasdaq Composite Index action into late this year.

The Nasdaq Composite Index has in my opinion been in a sideways consolidation that began about July 17, 2015 and will end later this year.

Here is my model which is based on hundreds of simultaneous oscillations plus a trend, all identified in the historic data, and projected into the future. As the future unfolds and more data is fed into the calculations, the forecast changes slightly so always, the further into the future one looks, the less clear is the roadmap. There is sort of a receding horizon effect.

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Here is how my February 12, 2016 forecast (originally posted in this sub) of the Nasdaq Composite Index played out, which should give you an idea of how well or poorly this method works.

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Submitted August 06, 2016 at 01:02AM by floydsayshi http://ift.tt/2atj2IM