11/5/2016: Markets were down again for the week as the S&P 500 struggled to hold at the Green Red Line (250-day average). The 9 day decline was the most down days in 36 years. The Markets are worried about the Election on Tuesday, very similar to the British Exit outcome (the Election results created a big rally).
FEAR can be measured by the Volatility Index VIX, which is up 77% in 9 days, as Tammy is buying Put Options (probably too late). The S&P must bounce around the Green Line soon (see Chart above, or it would fall below Support.
Most likely, since the Leading ETF’s like Semiconductors, Brazil, Latin America & Taiwan Funds are in the Green Zones and recently made fresh new Highs, Markets should bounce soon. Also, the Money Wave Buy List is fairly long at this time (rally is coming).
Alert! Market Risk Medium (Yellow Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.
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