In last night's post I mentioned symmetry of the Inverse Head and Shoulders bottom, that means a pullback. I can't see what Leading Indicators are doing yet, but this is what CONTEXT has...
So far there's about a 4 point negative differential in the model vs. ES.
I showed two levels of possible symmetry last night in the SPX, as far as the CONTEXT model goes, it's right in line if not a bit shallow for hitting even the upper level which is all I think is really needed, maybe a bit below, otherwise, everything there looks pretty good so far.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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