Crowd Forecast News Week #214 Report
The new TimingResearch report for the week has been posted, click on the link below to view the full report including the update on sentiment numbers.
Click here to download the report: TRReport102917.pdf
TimingResearch Crowd Forecast Prediction: 52% Chance Lower
This indicator prediction is an attempt by the editor of this newsletter to use the full 4+ year history of data collected from this project to forecast a probability estimate for whether this week’s sentiment is going to be correct and ultimately what the markets will do this coming week.
Details: Last week’s majority sentiment was 61.0% Higher, and the Crowd Forecast Indicator prediction was 62% Chance Higher; the S&P500 closed 0.12% Higher for the week. This week’s majority sentiment is 63.6% Higher with a greater average confidence from those who responded Lower. Similar conditions have been observed 23 times in the previous 213 weeks, with the majority sentiment being correct 48% of the time, with an average S&P500 move for the week of 0.54% Lower during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 52% Chance Higher for this coming week.
You can download any past report here.
Join us for this week’s shows:
Crowd Forecast News Episode #159
This week’s show will feature a discussion with the trading experts listed below about the most recent TimingResearch Crowd Forecast Newsletter report, where they think the S&P500 is headed, what they are watching for in the markets currently, and their best trading idea.
Date and Time:
– Monday, October 30th, 2017
– 1PM ET (10AM PT)
Guests:
– Larry Gaines of PowerCycleTrading.com
– Steve Lentz of OptionVue.com
– Christian Fromhertz of TribecaTradeGroup.com
– Anka Metcalf of TradeOutLoud.com
Moderator:
– Dean Jenkins of FollowMeTrades.com
Partner Special Offer: