Tuesday, April 11, 2017

Ponzo Updates...04.11.17

This week's forecast updates have SPY neutral, VIX narrow range and TLT modestly bullish...all short term as tensions in Syria, N. Korea, China, etc. The VIX blue line scenarios is what will happen if the syphilitic N. Korea leader decides to lose it completely .
It looked like a potential meltdown a few hours in today but buyers stepped in, albeit selectively. Keep eyes on QQQ...if it falters there could be more selling coming down.