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In the daily and in the weekly view the equity markets are overbought having reached many up-targets and even passed them with a relatively low trading volume. Being the front motor of the stock markets the NASDAQ-100 just climbed to a new 10 year high. The Elliot Wave bears have been suffering for quite a long time. So week after week they exclaim the sell-off they consider as to be overdue. But there are an increasing number of symptoms indicating that this bull-run has not nearly come to its end but is expected to continue for several months.
A soon top on daily and weekly basis with a following several-week correction is supposed to be the best success the bears might manage to achieve. Then there will be the threat of 14,000 in the Dow, 1385 in the S&P 500 and at least 2610 in the NASDAQ-100 (analysis of 01/08/2012). Time target is March, or rather April.
The indicator situation makes clear that technically nothing else but long entries should be looked for and the significant pullbacks should be bought necessarily, according to the motto “the trend is your friend”. Trading and investing can be pretty easy and without too much risk sometimes. Long is the flavor of the medium term, the corrections will have to be bought:
| Monthly | Weekly | Daily | 4 Hour | |
|---|---|---|---|---|
| S&P500 | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| DOW | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| NQ 100 | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| DAX | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| EuStoxx | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| Gold | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| Silver | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| EUR/USD | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
| USD/JPY | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone | G24UpG24Downnone |
Recently updated: NQ 100 4 Hour
The Complete GUNNER24 Trading and Forecasting Course will give you the critical knowledge you need to forecast and analyze the markets with the GUNNER24 Forecasting Technique. The NEW course is a must for any trader/investor who wants to understand this innovative and revolutionary forecasting method and use it successfully in everyday trading. The materials in this course are all you will ever need if you plan to trade the markets and make a living doing so.

