Monday, June 19, 2017

Ponzo Updates for SPY, QQQ and TLT.....06.19.17

This week's Ponzo forecasts maintain the bullish theme of the past month.  In fact, we're seeing new forecast highs for QQQ and TLT and a slightly reduced target for SPY.  Given the market's current view that any news is good news those forecasts have strong odds...with the caveat that North Korea, some wacked out assassin, or any number of other imponderables could quickly lead to a liquidity draining plunge down 7-10%.