Forecast for Week Ending 04/01/2016

Are we going to have a breakout week? Watch this forecast for week ending 04/01/2016 to find out. You don’t want to miss this weekly forecast. Get on the train and let the market do the work for you!

This is Paul Wett with www.WettTraderLLC.com coming to you giving you the forecast for week ending April 01, 2016

Let’s see how much money we can make this week my friends.

So we’re looking at this market and wondering if this is gonna be a top right here and I know that we have a “SELL” number, we had a little confirmation but then we came down and we made a low. So this could be a very important place in the market.

I still think that our objective for this thing, taking this double bottom here, in here.

We should come up a little bit higher to fill this gap

Let’s take a look at the numbers. So what numbers are we looking for support and resistance, just look at the daily. We need to have a lower low and finish higher, and so this is a positive thing.

Today now, we’re trying to, we opened up a little bit higher, we do have this high here, but it’s gonna be a five-bar high so if we could have a buy between here and go from there.

Now our weekly resistance is now on a 2047.75 now this my friend is very exciting because if you look at this, what this tell you? This my friend is a BREAKOUT week!

So you can see here that we’re still trying to pound this high. Two things is gonna happen. One of the two things is the high or we’re gonna take it to the next level folks. So we have a possibility of a breakout. This is our support, 2030 is gonna be our PP.

Once the number line up folks, look at this 2036.50, we still haven’t hit our PP for the month.

Now the next resistance will be 2025.

I’m a visual guy so if we take a look at the visuals, you could see that we’re still above these moving averages. We are approaching this resistance in the 2050 level.

Now, let’s look on the weekly resistance. This is where things gets really interesting. We have a breakout week. Higher high, higher low. Key reversal to the downside, sell the PP! It could be short, we could roll this PP into a “BUY”.

I’m gonna show you what the other numbers look like really quick. We’re above this moving average and we do have a five bar high here.

Now let’s go to the next time frame folks. Let’s go up to the monthly now. Here’s where it gets interesting. You can see here that it looks like an A,B,C Wave 4, possibly 5, take it out, fail 5. I don’t know where we’re going folks but I just want to get on the train. Get on the train and let the market do the work for you. So we do have this resistance here, in the 2031+ area (2047.50 high) we still have the support here folks, we stay above the moving average here on the monthly.

Now let’s look on the BUY and SELL numbers. Now we do have these buy numbers here to offer some support. So if this weekly does come down from this 2047 high and we have that low at 1802.50, we have other support here as well. So we’re just gonna go where are the numbers right now. We’re looking to put in the high here.

It could be a short term high. Stay tuned.

Like I said, these is where it gets tricky when the market starts turning folks. So we’ll see, we have a few little ways to go, if we’re gonna come down and retest some of these moving averages.

So stay stuned. Click the yellow button at the top and try the free demo. Let us help fill your wheelbarrow full of $100 bills. www.WettTraderLLC.com

 
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