Crowd Forecast Report #203 – Indicator: 52% 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.
Click here to download the report: TRReport081317.pdf
TimingResearch Crowd Forecast Prediction: 52% Chance Lower
This indicator prediction is an attempt by the editor of this newsletter to use the full 3+ 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 51% Lower, and the Crowd Forecast Indicator prediction was 53% Chance Higher; the S&P500 closed lower 1.45% for the week. This week’s majority sentiment is slightly Higher with a slightly greater average confidence on the Lower side. Similar conditions have been observed 21 times in the previous 202 weeks, with the majority sentiment being correct 48% of the time, with an average S&P500 move for the week of lower 0.16% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 52% Chance Lower for this coming week.
You can download any past report here.
TimingResearch.com Web Show – Episode #149
Date and Time:
– Monday, August 14th, 2017
– 1PM ET (10AM PT)
Description:
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.
Guests:
– Lance Ippolito of AlphaShark.com
– Barry Rosen of Fortucast.com
– Simon Klein of TradeSmart4x.com
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
Click here to register to watch the show live and get the archive!