The "value" of the macro indicator now stands at 54 -- As I mentioned in prior posts, I would become worried once it falls to -20 or less. So for now, I'm staying the course. It's times like this that I value the benefit of macro indicators because with the ebb and flow of news headlines about an impending recession, it's easy to become an "emotional investor."
With that said, I'm still assessing the possibility of an early-May top. If the indicator falls below -20 before then, the signal from my indicator will be relatively clear. However, if it (the indicator) falls sometime afterwards (without first making a new or intermediate high), it will become more challenging to "find" the top in the S&P. I'll worry about this when the time comes.
Follow signals from the Prophet4Traders system to identify turning points in the U.S. stock market
The purpose of this site is to share results of a trading system that I use for identifying both long-term and short-term trading opportunities. I take the time to do this because of my passion for investing and helping others succeed. The system helped me avoid the "Crash of 2007/2008" and every major correction since then. The cornerstone of my trading system are analyses of market liquidity to gauge longer-term market sentiment and equity and index options (put/call ratios) to identify short-term entry and exits.
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