Following on from my Oct 11 post above, here is the 2 month later update: https://imgur.com/a/Om0MChq
I have used DIA close (instead of DJIA close), as its less prone to extreme swings, to generate the green line of ongoing market action, thats why it looks slightly different. This is to give a smoother price action line as I am interested in Trend & TPs more than price.
The blue forecast line is exactly as cast in February 2024, unchanged from the last chart
However, as the price action has unfolded, I have realigned the forecast line forwards by 6 weeks - its still a good fit to the overall years price action, but with today’s market drop, lets see if it continues along the forecast projection - if so, market is moving down until end of Jan 2025
Notice that with this new alignment, if it proves by end Jan 2025 to be correct, there was a 6 week inversion in the markets vs the forecast in April 2024 - its not possible (asaik) to forecast an inversion, its just obvious after the fact, and thats a limitation of this forecast model in taking positions.
Again, No advice. No recommendation. No Warranty.
I will update again for interest in Jan 2025