Friday, April 20, 2018

weekly outlook april 23, 2018

Expect downside forces during the week


GL Traders

6 comments:

  1. Downside pressure as I expected (see notes above and chart showing multiple cycles bottoming together).

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  2. Hi, great call! Do you think there will be more downside force coming days? Or, do you already have a date for bottoming?
    Hope you dont mind the question....

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  3. with 10 year rates hitting 3% I believe we see an ICL (Intermediate Cycle Low) by end of April/start of May. If we break lows set earlier in 2018 then longer cycles are in control and we are on BEAR watch.

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  4. Ok, since it it already end of april, i was wondering if you could determine a more precise bottoming day. Thnx

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  5. UNKNOWN - I am tilting toward a May 1 low (especially if April 31 shows weakness toward the close). But, go with your own view. No one cares more about your $s than you do - just be ready to reverse if you see a break of say 3% against you, this is not the time to be a hero.

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