With the failure to see the expected correction in our longer term forecast, this is probably a good time to review that forecast.

A 15yr interval points to a top sometime in the period from September 2016 until the end of August 2017.

We previously found that we can count both a sub-normal basic advance from the August 2015 low and a short basic advance from the February 2016 low and they both terminate within the 15yr interval. The sub-normal basic advance forecasts a high in the period from 3/31/17-10/18/17. The short basic advance forecasts a high in the period 5/15/17-8/11/17.

Conclusion: We look for an important top in the period 3/31/17-8/29/17. Next week we will apply Lindsay’s middle sections to generate a single-date point forecast. 

(Click on image to enlarge)