Taking into account the Fed comments from last week, recently one of our technical analysts forecasted a correct S&P Index price range of $4348 to $4261. The market has since corrected to that level and is now bouncing.
With that said, investors have been panicking with the SPY ETF having an average outflow of more than $1 billion per day over the past ten days.
S&P 500 INDEX PANIC SELLING WAVE – DAILY CHART
“Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.”-Note from Dudley
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CAN THE FED ENGINEER A SOFT LANDING FOR THE BIGGEST BUBBLE WE’VE EVER SEEN?
Investors – don’t overlook the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.
E.B. Tucker with Casey Research recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.
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