Latest IPM Model update has been emailed to SUBSCRIBERS
Excerpt from IPM Model Update
Excerpt from IPM Model Update
In the last update on
August 25, it was stated that “market could experience one more decline over
the next week before bottoming out to rally for a few weeks. As the market rally
unfolds, we will keep an eye on internal strength indicators to evaluate future
of the market i.e. new highs or lower high.” Market was at 1668 on August 26
and then declined to 1627 on August 30, which has been the low.
Now, it is time to evaluate
the current rally and its future prospects especially when Syria War, Fed
meeting, and new Fed chairman decisions are on the table. Next few days will be
very interesting, as they will set the tone for September.
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