TradeTimingPro Model Suggests Upside Ahead, But Heed the Bear Flag First!

Our TTP Model Is Showing Encouraging Signs, but A Bear Flag is Printing

We notified traders that on 4/16 a short term bottom was near – that came on 419 and a rally has ensued since.

However, although the model is “turning over” (as seen with the blue lines in the top panel) which leans bullish and indicates it’s soon time to look for buying opportunities, a bear flag is printing.

Bear flags (highlighted in yellow, bottom panel), often complete to the downside in a violent manner. They are a pattern of continuation of the recent trend (which has been short-term bearish).

In other words, be cautious choosing long positions here and now. A better buying opportunity may present itself in late May/early June.