NFTRH 364 talks about ‘comps’ 1, 2 & 3 for the current S&P 500 situation. Those would be the bearish 2001 and 2008 and the ultimately bullish 2011 one. We break down the probabilities based on these comps, along with what seems like an obvious Presidential cycle and show what is probably going to happen immediately after SPX reaches the expected bounce targets. It is what comes of the next move that is what will define whether it’s a bear market or not.
There was too much discussion about the precious metals, commodities and USD’s precarious but not yet resolved situation to go over again it here. Frankly, I’m pooped!
Finally, the market sentiment picture is starting to come in line to favored scenarios. A good report that, though it challenged me, was ultimately very helpful to this little itty bitty market participant.
NFTRH 364 out now.