The Fed Gives A Date
7/9/2014 2:29:48 PM
Good afternoon traders,
As the fed signaled an end to the bond buying in October, we have things set up for a bearish move. First, here?s our forecast from this year which was calling for a reversal right around this date. We?ve published these forecasts over the past several years and of late, they?ve been pretty telling:
Note that it?s not precise and dates can line up and can also invert (as it?s a cycle). This correlation is pretty telling though just.
As for our market timer for the QQQs:
It?s giving a signal and it?s confirmed, but...
The market is still governed by it?s internals and the trades that traders make. In this case, it?s a little oversold, and there have been some large bets to the diwnside made - so I would expect that to wind down before the market gives it up later this month...
So stay tuned and we?ll start issuing more trades in our trading services to position accordingly.