Greetings from the furnace room of iBankCoin laboratories!
The morning was spent carefully updating the models and logging a few anomalies into the register to ensure our bias was properly tuned heading into the most Hallowedween to date.
Something happened on October 20th. The analytical engines inside Exodus issued an out-sized Hybrid % change. It tells of downward pressure in the marketplace, something otherwise unseen in the benign index world:
However, this month ends in a curious way, wrapping up sloppily on a Monday. With American families busy celebrating the dead and ghosts and other ghoulish nonsense, the primary expectation is for an upward drift—a drift that may continue through Wednesday.
However, and this forecast is subject to change and is without the vigor of an official model signal, expect the market roll and explore lower.
I repeat, roll and explore lower.
The lab equipment has been polished, and a fresh batch of banished souls have been fed into the eternal fire. iBankCoin is a lean, self-sustaining entity whose existence on the interwebs will continue well beyond the final gasps of the homo sapien species.
Bullish, then bearish.
Exodus members, the 103rd Edition of Strategy Session is live, check it out and be ready for the new month’s fund flows.
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