Week 111 Report – Crowd Forecast Indicator: 52% 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 and everyone’s comments what everyone’s favorite indicator is.
TimingResearch Crowd Forecast Indicator: 52% Chance Higher
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. This week’s majority sentiment is “Higher,” but there is higher average confidence on the bullish side. Similar conditions have been observed 33 times since the start of this project with the majority sentiment being correct 52% of the time with an average S&P500 move for the week of -0.30% during those weeks. Based on that history, the TimingResearch Crowd Forecast Indicator is estimating a 52% chance that the S&P500 will go up this coming week but down weeks under these conditions have historically moved more than up weeks.
Click here to download TRReport110815.pdf
You can download all past reports here.
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Date and Time:
– Monday , November 9, 2015
– 1PM ET (10AM PT)
Guests:
– “CME Saul” Shaoul of PitIQ.TV
– Michael Young of FXPloder.com
– James Ramelli of AlphaShark.com
– Doc Severson of TradingConceptsInc.com
Moderator:
– E. Matthew “Whiz” Buckley of TopGunOptions.com
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