2-month (approx.) focus chart.
Current Market Prediction (slow model):
$SPX (S&P 500), Bear-trend signal (12/02/19), TTP= next day’s close.
Previous market prediction:
$SPX (S&P 500), Bull-trend signal (10/18/19) with TTP= 3006.72.
Current price for CTM research (signals), $15,000 per quarter for the S&P 500 “fast” nonlinear model. The faster model is more optimized for options trading.
Model notes: We have had a nice run and in terms of a longer time frame, higher prices be in the future, but according to our more trading-oriented time frame we expect weakness in the blue-chip indicator. We envision our signals being used by options traders. The Chaotic trend / nonlinear trend analysis is giving us the glimpse at the future ahead.
What is the S&P 500 signaling about … the impeachment? I do not think the bear-trend signal is pointing to some type of impeachment strength, but more that the market is now overbought and some type of reversal is due.
Note: The following comments are based on using technical analysis to ‘flesh out’ our nonlinear trading signals. TTP (Theoretical Transaction Day) is defined as the closing price on the day following the signal day.
Nonlinear Trading Themes:
- S&P 500 forecast (Bearish, SPX): The pleasant Thanksgiving holiday has given rise to the market now being susceptible to overbought selling. It is not unfair to question how substantial this pullback will be (considering the strength of the previous uptrend) however, the signal suggests that bulls step aside and wait for an upside reversal in the future.
GH Garrett – Chief Market Analyst for ConquertheMummy.com © 2015-2019, “Nonlinear trading signals that matter in stock index and S&P 500 trading. Determine the future direction of the S&P and trading becomes much less complex.”
Master Sergeant Bilko (the movie version) said, “I like a sporting event in which I know the outcome beforehand, it’s more organized.”