etfmsolutions: Bull Ride Continues with PONZO Updates...07.18.16

Monday, July 18, 2016

Bull Ride Continues with PONZO Updates...07.18.16

This week's Ponzo updates continue the bullish forecast for SPY and the short term weakening of TLT. 4 out of the 5 SPY Ponzo forecast are full bore bullish.The outlook for VIX is a bit more muddled but we should expect volatility spurts along the way as market forces, either contrived or fundamental, modulate the uncertainty factor. With new highs on all the indices the bull market is poised for even higher highs going forward. One of my favorite technical forecasters at Schwab sees SPY at 237 by year's end and looking at the SPY Ponzo chart that level appears to be a real possibility. With 90 companies reporting earnings this week the tone for July and August will likely be set and woe to those who don't follow the trend.

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