Is the S&P Setting Up for Another Powell-Trump-Dump?
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Chaos Clinic for 9/12/2019
In my 8/2/2019 Chaos Clinic, I showed how a FOMC meeting, followed by a Trump tweet, triggered a S&P decline, just as it had in May. The S&P is now set up for another possible third Powell-Trump-Dump.
This is shown on this daily chart of the S&P near futures. The Powel-Trump_Dumps are marked as PTD. Also show is my ZD36 energy field forecast. This forecast is made with my WinXGO software, which first computes an XGO forecast, then filters it with a 36 day Zero Delay filter.
That forecast suggested a decline into late August, which did occur. The forecast rally is now underway, Interestingly, it shows a peak on the second day of the FOMC meeting.
It is, of course speculation that Trump will follow the FOMC meeting with a tweet that tanks the market, But then again, trading is about patterns, possibilities, and probabilities. Being alert for a possibility is good, but any trade should confirmed by a rainbow of EXMAs. Should this turn occur. the 1.5, 3, and 6 day EXMAs will be the first to turn down.
This content was published on Dr. Al Larson's Chaos Clinic which you can attend each Friday for free.
Dr. Al Larson has developed a complete Chaos Model of Markets, four unique courses that let you become a Certified Chaos Trader, some very unique eMylar fractal pattern overlays, and tools that permit forecasting individual stocks and markets years in advance. You can also sign up for a free weekly email, and attend a free Chaos Clinic on Fridays. To learn more, click on the author's profile.
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