SPX Model Projections for November and End of Year
*model still in alpha test stage
The SPX model for October performed poorly in forecasting a very strong October. The model actually predicted a negative October and was about 100 pts off. Oops.
My SPX model predictions:
– November close: STRONG probability of positive month.
– SPX close above 1800 for November (chart below).
– End of 2013: STRONG probability of close above 1800 possibly above 1850.
Known Risks to the model projections:
– Taper/Interest Rates
– Fed Chairman speculation/announcement
– US Earnings
– Weak Holiday Retail