Market update 10.19.24

This week’s market performance closely aligned with our model’s projections, which were published last weekend. DIA closed at 432.64 compared to our projected 433.47. SPY finished the week at 584.59, slightly below the projection of 584.79. Lastly, QQQ ended at 497.47, just under the expected 500.25. Overall, the model continues to show strong accuracy.

Based on the projected outcomes shown in the table and charts below, the data suggests that the bullish trend may continue. However, we are seeing early signs of exhaustion in the underlying signal. Large gains in the coming days and weeks seem unlikely. Instead, we anticipate a steady, gradual movement higher with fluctuations along the way. Should there be any significant changes in the signal’s direction or quality, we will issue an alert.

Disclaimer: The information presented here is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor, and my portfolio may not align with your financial goals or risk tolerance. All investments carry risks, including the potential loss of principal. Historical data and model-based projections are not guarantees of future performance. Always consult a licensed financial professional before making any investment decisions.