S&P500 remains on track for 2300-2280.

“Less is more.”, “No need to change the winning team.”, “Forewarned is forearmed.” Great sayings that mean nothing is you can’t back them up. Well, starting late-February we already warned of an impending intermediate-term market top and correction, which we then backed up again early-March. See here and here. We then showed the weak weekly…

S&P500 weekly chart remains weak: correction ongoing.

Since late-February, see here, we were one of few that have been correctly foretelling of the ongoing market correction, and haven remained that POV, as it has now lasted 27 days. The Russell2000 underscores our story and POV: it is the small caps index and indicative of a “risk-on” vs “risk-off” market. It has been flat…

S&P500 update: how did we do, and what’s next?

Since “the proof is in the pudding”, and “past performance is [in this case] a guarantee of future results”, and “you are only as good as your last trade” 🙂 let’s first take a look at how well we did in predicting the recent market decline before forecasting what’s next. The chart below shows our…