Status of the markets 14 September

Posted: September 14, 2015 in Uncategorized

Back from my holiday!

The market so far respected the forecasts with a fake low of SP 500 1867.

Now there is a rally attempt which could go as high as 1990, but my model expects a real base of this correction around 1820 -1840 later in September /early October.

So for the ASX 200 the same range could be 4600/4400 and 5400/5700
.
Oil seems to form a base around these prices. Gold is still weak, but also basing (oil base is USD 35- 43 and gold 1000 – 1040).

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