Monday, June 6, 2016

PONZO Updates...SPY Bullish AGAIN!....06.06.16

Two weeks ago SPY was uber bullish, last weak it was bearish and this week the SPY Ponzo forecast is long term bullish.  It seems the horrible jobs report on Friday was actually bullish in traders minds as it pretty well cancels out any threat that the FED will raise rates in the near term.  The VIX forecast has been consistent for the past three weeks and TLT is looking prone to some short term selling but appears stable to bullish on the longer time frame...  There is some technical decoupling on TLT with the best odds scenario suggesting a significant selloff around the end of Summer..