Week 144 Report – Crowd Forecast Indicator: 70% Chance Lower
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 and find out what everyone thinks the impact of the Brexit vote will be.
TimingResearch Crowd Forecast Prediction: 70% Chance Lower
This indicator prediction is an attempt by the editor of this newsletter to use the full 2+ 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 Lower, and the Crowd Forecast Indicator prediction was 60% Chance Higher; the S&P500 ended down 1.84% for the week. This week’s majority sentiment is Lower (greater than 15% difference) and with a higher average confidence on the bearish side. Similar conditions have been observed 10 times in the previous 143 weeks, with the majority sentiment being correct only 70% of the time with an average S&P500 move for the week of down 0.28% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 70% Chance Lower for the week.
Click here to download TRReport062616.pdf
You can download all past reports here.
Each week several top trading experts discuss the above report report and give their thoughts about current market conditions. Fill out the survey each week, then watch the show to compare your opinions with the experts!
Date and Time:
– Monday, June 27th, 2016
– 1PM ET (10AM PT)
Guests:
– Fausto Pugliese of CyberTradingUniversity.com
– Sam Bourgi of TradingGods.net
– Dean Jenkins of FollowMeTrades.com
– Jim Kenney of OptionProfessor.com
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
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