Crowd Forecast Report #205 – Indicator: 73% Chance Higher
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: TRReport082717.pdf
TimingResearch Crowd Forecast Prediction: 73% Chance Higher
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 66.1% Lower, and the Crowd Forecast Indicator prediction was 70% Chance Higher; the S&P500 closed Higher 0.72% for the week. This week’s majority sentiment is 53.6% Higher with a greater average confidence on the Higher side. Similar conditions have been observed 15 times in the previous 204 weeks, with the majority sentiment being correct only 27% of the time, with an average S&P500 move for the week of Higher 0.74% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is forecasting 73% Chance Higher for this coming week.
You can download any past report here.
TimingResearch Crowd Forecast News Week #205 Episode
Date and Time:
– Monday, August 28th, 2017
– 1PM ET (10AM PT)
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.
– Larry Gaines of PowerCycleTrading.com
– Jim Kenney of OptionProfessor.com
– Andrew Keene of AlphaShark.com
– Dean Jenkins of FollowMeTrades.com