Monday, July 10, 2017

Ponzo Updates for SPY, QQQ and TLT...07.10.17

This week's Ponzo Updates have the SPY looking at an expanded trading range  (potential volatility) while the recent pop in QQQ has actually resulted in a narrowed lower volatility trading range outlook.  TLT, currently undergoing a pullback from severe overbought levels, has pulled back about $6 from recent highs and bears watching if it penetrated $ which point we would expect a potential bottoming pattern to develop and buying opportunities to develop.