Here is a last week expectation. http://www.freefdawatchlist.com/2012/09/weekly-outlook-for-sept-24th-28th-for.html Dow jones, S&P500 and Nasdaq closed as expected and within the range.
My Expectation for the week (Sep 24th -28th) :
Dow jones closed at 13,437 while my expectation was 13,429. S&P500 closed at 1440.67 while my expectation was below 1447. Nasdaq closed at 3116 while my expectation was 3136.
Dow jones was down 142.34 point (1.05%) for the week. Range: 13367 - 13615. Closed: 13437
S&P500 was down 19.48 (1.33%) for the week. Range: 1430 - 1464. Closed : 1440
Nasdaq was down 63.73 (2%) for the week. Range: 3083 - 3176. Closed: 3116.23
The pattern in this chart is applicable to Nasdaq and S&P500.
Next week expectation (Oct 1st -5th).
 |
| Dow Jones expected to test 12857 in couple of weeks if 13407 breaks because everything is priced in and market is way to high. |
Dow jones likely to stay between 13066 and 13487 range. PT: Dow jones should close below 13,198.
S&P500 likely to stay between 1395 and 1447 range. PT: S&P500 should close below 1422.
Nasdaq likely to stay between 2938 and 3195 range. PT: Nasdaq should close below 3016.
