The reversal lower forecast from the October 11th Weekly Commentary began two days later on Tuesday, October 13th. How’s that for accuracy! We are on day ten of the current drift lower and that’s at the high end of the number of days usually associated with short term reversals so we might get a pop early in the week. I wouldn’t necessarily trade it as we are now into the final week before the election and anything is on the table.
I have not had to update the following Broader Market charts but look at the before and after price forecast accuracy on the S&P 500 charts. Back to the future baby.
This is the kind of forecast accuracy that most professionals only dream about. This is the kind of accuracy that exists yet most don’t even know that it does and this is the kind of accuracy you can be taught or, at a minimum, come to understand.
S&P 500..Before chart published October 11th
S&P 500..Current
All forecasts remain unchanged.
Important announcement:
In the next few days, barring any technical difficulties, I will be sharing some very exciting news with you. Please keep an eye out as you will be invited to be part of a new research platform that I expect to be the best in the business for professionals as well as retail investors/traders. There will be educational, research and trade alert components delivered in both real time and recorded for convenient viewing.
Stay tuned, stay safe and remember..when you smile at someone with your mask on they can still see it in your eyes so keep on smiling!
Don
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