Did the Market Just Hit a Barrier?

Jon Economy, Fiscal Policies, Market Commentary

According to Core Spreads’ Chief Market Strategist Sandy Jadeja, the market may have hit an upside barrier today. Not because Janet Yellen spoke today at Jackson Hole and, once again, said rates hikes were in our future or because stock buybacks appear to be tanking.
No. For Jadeja – being a hard-core market technician – it’s all about ‘price, pattern, and time.’ Specifically, he’s forecasting three key dates or time windows where the market may hit a ‘barrier to the upside,’ he told listeners last month on our podcast.
The first time window starts today, Friday, August 26th, and lasts until August 30th. The other two dates are September 26th and October 20th.
We should confess that predictions of this nature are something that we don’t usually pay much attention to at Financial Sense but, according to Business Insider, Jadeja has made a number of very accurate calls in the past.
Consider The man who accurately predicted 4 market crashes told us 3 more dates to worry about this year:

This post was published at FinancialSense on 08/26/2016.