Our forecasted market high for last week came in exactly as forecasted and we managed to lock in 38% in profits on our aggressive long position that we opened just a week earlier.
Not only that, but the S&P actually topped out on Nov. 3rd by reaching an intraday high of 2,116.48 just below the upper bound of our 2,104 – 2,117 resistance band that our premium subscribers were aware of since Oct. 25th.
Below are screen captures from the Nov. 4th & 5th premium newsletters.
First, here is the Nov. 4th newsletter that was sent out before the markets opened on that day in which we informed our premium subscribers of our intention to exit our long position on that same day based on our forecast.
The forecasted top and the following decline allowed us to effectively time our exit from our long position the morning of Nov. 4th, locking in 38% in profits! The rest is history!
What happened later that morning was that in her testimony before the House Committee on Financial Services, the Federal Reserve Chair, Janet Yellen, announced that the odds were now stacked in favor of an interest rate hike in December, to which the markets reacted by dropping like a rock!
Our premium subscribers did not have to wait for the outcome of any testimonies, meetings, or news to know what the markets would do next. They rather had their game plan all laid out well in advance!
And here is the top part of the Nov. 5th newsletter.