MarketWarrior 5 has a updated version of the forecasting tool for the 60 minute chart. The new version should work better with international stock indexes and individual stocks. On the charts below I will take a look at the symbol $SIPR from Barchart.com. This is listed as Brics Nifty 50 Emerging Market Tradable Index. This is a variation of the Indian stock index NIFTY50.

The chart below is a 60 minute chart, and the red line on the chart is the forecast cycle that was calculated at 8:00AM on June 19, 2017. The 60 minute forecast usually will forecast the cycle in a stock index for several days on the 60 minute chart before it needs to be recalculated.

$SIPR – Brics Nifty 50 Emerging Market Tradable Index

The second chart shows the $SIPR chart about 1 day later.  I will follow this forecast for the rest of the week to see how it turned out.

$SIPR – Brics Nifty 50 Emerging Market Tradable Index

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