Market Map for Mar31

Gap

The Gap this morning is obviously not correct.  This represents a shift in not only today’s chart, but also in all of the Market maps for the rest of the week if there is not a substantial rally today to offset the correction lower.  Since the regular cycle charts show a rally today, it is likely that the top of this move is now in place.

Something New

I created this blog as a way to introduce some new charts which use a unique bit of technology to forecast the world’s stock markets.  The first charts appeared in November and there have been hundreds of changes and improvements in the way that the charts are calculated and how they are presented.  This week represents yet another introduction of something new.

The S&P chart now has a scale and also shows the potential for a gap at the open.  This is experimental and Mondays are the most difficult to forecast a gap, so I’m hoping for the best on this.

Market Map for FTSE Mar30

Market Map for Mar30

Market Map for Mar23

Market Map for FTSE Mar23

FTSE prediction

The FTSE should gap lower at the open on Monday and continue lower until 10:00 GMT.

Market Map for Mar18

Market Map for FTSE Mar18