“I’ve gone back and compared this correction to the most comparable correction, which is 2011, and what you will notice is the two are tracking very closely,” said Todd Gordon of TradingAnalysis.com.
“They both completed a double bottom, and the S&P has come back rather sharply, much like the 2011 recovery did. The only thing that’s missing is one little setback. We need some profit-taking. … We need to set back quickly, shake some longs out, before we move higher.
“I would say two to four weeks before we make a new high, but I do think in the near term we’re going to set back.”
— Excerpt contributed by Jason Kelly
Z-val definition and more forecasts in The Z-val Zone.
Here are your three options:
Option 1: Annual Subscription
For just $236.97 per year, you’ll receive everything listed above to completely upgrade the way you manage your investments, including a copy of The 3% Signal. This is what I recommend:
Option 2:Monthly Subscription
If you'd like to try The Kelly Letter without paying the full year, you can pay $19.97 per month, but it will not include a copy of The 3% Signal :
Option 3:Free Email List
If you'd like to hear more from me but aren't ready to part with any money yet, you're welcome to join my free email list:
Join Matt and thousands of other rational investors to invest without stress.
Subscribe to The Kelly Letter now!