S&P 500 Forecast 2024-04-29

The 1-day forecast is positive. The 1-wk, 1-mo, and 1-yr forecasts are all negative. I’m not willing to take a model based position without the 1-wk forecast agreeing with the 1-day forecast regarding direction. Unless the data changes substantially between today and tomorrow, I won’t entertain taking up a position tomorrow either. Invest at your own risk.

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