From the desk of NEoWave founder and trading advisor, Glenn Neely
JULY 12, 2022
UPDATE on S&P, GOLD and T-NOTES
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.