SPX Model Projections for December and End of Year
*model still in alpha test stage
The SPX model performed perfectly in forecasting a positive November and target.
My SPX model predictions:
– November close: STRONG probability of positive month.
– SPX close above 1800 for December (chart below).
– End of 2013: STRONG probability of close above 1800 possibly above 1850.
– 2 likely scenarios: 1. Close over 1800 or 2. Close over 1850
Known Risks to the model projections:
– Taper/Interest Rates (Fed really is the only risk)
– Dissapointing Holiday Retail