4 to 5 more days of upside prices before a deep correction
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My analysis suggests we have 4 to 5 more days of upside price action before a deeper price correction will setup and play out. If you are long and have decent profits, now would be a good time to protect those gains.
My predictive modeling systems are suggesting we could see a deep (5~8%) price correction headed into the US Mid-term elections. I have called earlier 2~4% corrections correctly using my predictive modeling solutions as well as my custom mark cap index. This new setup appears to validate across Daily, Weekly and Monthly time frames.
Be prepared. This will not be a CRASH. It will likely be a deep price correction, possibly retesting Feb 2018 lows, followed by an extended price rally originating after the elections (likely near early December).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.