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US equities - the bull market continues

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Toward the end of last year (in 2016), I put together my annual stock market forecast for US equities in 2017. In doing this, I adopted the very same techniques which WD Gann used to make his annual stock market forecasts back in the 1900's.

The results so far this year have been incredibly accurate (see chart below).

Now I know that there are a number of Gann experts who had put similar Road Maps together, but I haven't come across anyone who put together a forecast for US equities that was as accurate as mine last year (you can view my 2016 forecast by clicking here).

I am also pleased to say that my 2017 forecast for US equities (blue line) has been equally as successful so far (actual prices in orange).

WD Gann Road Map - 2017 update 28 Apr

click to enlarge chart

Those who want to learn how to make a similar forecast can email me at info@thetimefactor.com for more details, but in the meantime, here is an overview of the US equity markets and where I see US equity prices headed in the future.

Our 2017 Road Map was predicting that the year would start off subdued with sideways price activity forecast for the month of January. I had also outlined in my written forecast that "I would also not be surprised for US equity markets to put on 5% or so in the early part of the year leading into mid February." As you all know, after trading sideways in January, by mid Feb US equities had risen 4.8% for the year.

Next we said that "after that point, markets should consolidate [sic] and trade in a sideways pattern before commencing a new bull run after the early April period." Again, this is exactly what happened.

In my detailed calculations which I had given to clients, there were two key dates marked for potential bottoms. The first was 31 March as a low point, followed by 11 April as a secondary bottom. The chart below highlights the actual lows which occurred in the S&P 500 index.

WD Gann Road Map - 2017 forecast v actuals

click to enlarge chart

Now remember, this forecast was first written, published and made publicly available in late 2016. And the reason why I am showing you these charts is not to give myself a glorified pat on the back, but rather to highlight how it is possible to put together a long term forecast that can be incredibly accurate at projecting the likely direction of US equities years in advance.

Going forward for the rest of 2017

Our Road Map shows that we should get higher prices leading into May - so far, it looks like the US equity markets are trying to break through to new highs, so we have a reasonable chance of being right.

There are however some important time frames to watch for in May and this will allow you to predict (to the exact day) the date of the yearly high in US equities when it arrives later in the year.

I have enjoyed putting my annual Road Map forecasts together and making them available for those who are interested in learning about them.

I am sad to say however, that 2017 is going to be the last year where I offer to provide the detailed calculations behind these forecasts to clients. The information is just far too valuable. 

My Trading with the Time Factor course describes for you the basis of how to put these Road Maps together, and that will continue to be available for those who want the knowledge.

I plan to write again soon on some other markets, but for now, it is:

Until next time...

 

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