The chart included here is a weekly chart of JP Morgan Chase (Ticker: JPM).
A red wave forecast is in agreement with a leading data driver forecast, which “pulls” price in the forecasted direction.
The red wave forecast is a blend of operative cycles behind price action.
If price simply consolidates into the red wave trough instead of collapsing into (selling off) into the trough, pronounced bullish bias should be expected where the two troughs agree.
The two forecasts combined are pointing to a better, more long-term friendly buy point later this year.
Chart expands upon click. Members must be logged in to view full forecast chart.