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On July 12, 2022, Glenn Neely released this update to his NEoWave Trading and Forecasting subscribers. We are sharing it here for anyone concerned about successful trading and Wave forecasting in this uncertain market environment.
From the desk of NEoWave founder and trading advisor, Glenn Neely
With 3 of the largest markets in the world at major junctures, and each closely following NEoWave rules and projections all year, I felt this was a good time to issue a public update.
If you look at the S&P chart, there's a blue-dashed projection line showing what was forecast the last few months and what's expected going forward - so far, so good!
To nearly everyone's surprise, the precious metal has sold off dramatically from this year's high! In an environment of inflation and "massive government spending," who'd a thunk such a thing was possible!! (actually, NEoWave predicted the whole thing going up into this year's high and the decline that followed).
Another situation that doesn't make sense to most, but NEoWave has been accurately predicting the direction and behavior of Notes (via the 10-year cash yield) all year. With the recent approach of 4.00% in the 10-year cash yield, NEoWave price / time / complexity rules warn a major low may be forming in Notes this year.
Sincerely,
Glenn Neely
NEoWave, Inc.
www.NEoWave.com
In this 1 hour recorded webinar from May 8, 2022, you'll hear Mr. Neely publicly review the Wave structure of ALL 3 markets (S&P, Gold and T-Notes) according to NEoWave theory.
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Get market forecasting charts and wave analysis from the NEoWave FORECASTING service. Get trading insights and strategies from Glenn Neely's TRADING service (Neely Riever Trading technology).
With a focus on effective trades and capital preservation, Glenn Neely's trading service offers an uncommon level of detail and specificity on trades – precise trading recommendations that yield refreshingly consistent results. In fact, many NEoWave customers are professional money managers, brokers, and traders. You can get detailed recommendations for all major world equities, commodities, currencies, and fixed income.
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The NEoWave Forecasting service follows these four major markets: The S&P 500, GOLD, T-NOTES, and EURO. The newsletter is released in weekly, monthly and 1/2-yearly time frames. The NEoWave Forecasting service is an educational service, presenting REAL-TIME charts, detailed comments on Wave structure, and includes NEoWave analysis by Glenn Neely.
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