Short-Term Forecast For Wednesday, Sept. 16

  • Setup Status: No active setups.
  • Trigger Status: No pending triggers.
  • Signal Status: No active signals.
  • Stop Level: None active.

(Click on image to enlarge)

Short-term Outlook

  • Bullish Scenario: A close well above the middle of the Bollinger bands at 3,429 would predict a return to the previous short-term high at 3,581.
  • Bearish Scenario: A close well below the 50-day moving average at 3,336 would reconfirm the downtrend from early September and forecast additional losses.

Both scenarios are equally likely.

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