This is an approximate ^GSPC forecast for May-July (using Neural Network from experimental tool NNSTP-2).
Major points in numbers:
- May 4-8: up to almost 900 (evidently if bad news affects investors’ mood, it can go down instead)
- May 25-29: down to 870..800
- June 22-26: up to around 930
- July: massive selloff
Reminder: Forecast built on statistical methods may fail because of redistribution of driving factors – news, investors’ sentiments, regulatory impact, etc.
Important to notice: The recent forecast by pattern similarity shows earlier selloff.
Just curious what happens between the 8th and the 25th?
It goes slowly with some fluctuations above 900 and then slowly down. The pattern recognition indicates a different story (see previous post) – this week up very fast and then a big drop down. It is hard to say which scenario will realize (I think almost 50:50 chance). But at least both stochastic methods predict some uptrend for this week.