Monday, March 20, 2017

Ponzo Updates.....03.20.17

This week's Ponzo forecasts have 2 new shifts in momentum. SPY has rebounded from a negative short term outlook to a net neutral/bullish stance although the 19 week target has declined from 25 to 248 in this update. The VIX outlook supports the SPY bullish case and I've left last week's brackets in place (dotted black lines) to show how the VIX outlook has turned negative (bullish).
TLT meanwhile looks exactly like last week, mildly bullish.