Tuesday, October 4, 2016

Ponzo Updates...10.04.16

This week's Ponzo updates look pretty much the same as last week.  If anything, TLT looks more prone to weakness, the flip side of which is the implication that SPY will be bullish going into November. The VIX forecast remains a narrow range consolidation pattern but earnings surprises and/or some new political revelations pre-election could trigger a surge back to the 20s.