My macro indicator is continuing to decrease and is now at 24. As you might recall, I consider a dip below -20 significant (see red line below). Given the continued possibility that the indicator could reach this level, I'm extending the window for a possible top. In my past posts, I sited a possible top in early May. Because the indicator has taken so long on its path downward (and because it's almost May), I'm now looking at a window extending to the secondary top on or about July 10 as shown below. Each of the subsequent minor tops in September and November provides possible timeframes for a peak in the S&P 500 if my indicator dips to -20. Stay tuned......
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.
This site is for information purposes only. Past performance of the trading system is not a guarantee of its future success. Please consider consulting a qualified investment adviser before making investment decisions.