Weekly Update 11.15.24

In last week’s update, we highlighted the potential for market exhaustion during this week. On Tuesday, we issued a market alert indicating that our model had identified exhaustion for the current wave. Following that alert, the market did, in fact, trend lower, closing out the week with a decline on Friday.

Looking ahead to next week, our model suggests that market momentum remains biased to the downside. At this time, we do not have any indications of a high-probability bullish entry point for the medium term. Should the signal or quantitative model show a significant shift during the week, we will issue a mid-week alert.

Disclaimer: The information provided here is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor, and my portfolio may not align with your financial goals or risk tolerance. All investments involve risk, including the potential loss of principal. Historical data and model-based projections do not guarantee future performance. Please consult a licensed financial professional before making any investment decisions.