Sunday, October 15, 2017

Ponzo Update and Trader's Outlook.....10.15.17

This week's updated forecasts reveal no divergence from last week's posts. 
The TLT consolidation model using butterflies and/or iron condors still looks like the best odds situation as we plunge forward into earnings season and the unknown market perils of Iran and NOKO. QQQ maintains the highest positive scenario skew while SPY and TLT are running 50/50 bearish/bullish into the year's end
Trader's Outlook is modestly bullish, based strictly on a technical trend following perspective.