Small/Regional Banks ETF (IAT) – Update
Date of Analysis: January 17th, 2024
We had an exact hit on our prior bottom projection in May of 2023. Going forward, our timing and mathematical work for IAT suggests the following:
- As our prior forecast suggested, there was an exact hit on our bottom target of $30 (+/- $1) on May 4th, 2023.
- Now, since we have the exact bottom confirmed, we have more accurate top projections.
- Note that we are still within the variance of the top composite cycle. There is a strong cluster arriving on XXXX (+/- 2 weeks).
- Precise mathematical calculations lead to $86 +/- $2 target.
In summary, we have an important divergence between our top TIME projection and our top PRICE target of $86. Meaning……..Click Here
Having said that, if you would like to find out what the stock market will do next, in both price and time, please Click Here.