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Technical analysis to forecast the next few months Tech analyst Larry Williams has been predicting markets accurately during this pandemic. Williams expects the current bull market in cyclicals (and rotating out of tech stocks) has room to run and that the Dow will peak in late April or early May, then we start going down. Past Dow charts show that we get a strong buying opportunity every 240 days. There'll be selling pressure around April, which paves the wave for a strong buying opportunity in mid July. There'll be pain, but it will lead to gain. Further, oil is a leading indicator of the stock market 3.5 years down the line; it takes time for strong oil prices to translate into strong stock prices. Charts from 2014 and 2018 prove this historically. So, the Dow has more upside. Lastly, a historic link between crude oil prices and airline stocks indicates that airline stocks will soar from now through late April. The, there'll be a consolidation then a strong rally at the end of the year. He considers these forecasts spot on, but not: we're talking about reopening stocks, not tech stocks, rallying.
