The chart of the day is from TheWaveTrading via SafeHaven and shows the 10 month moving average (MMA) crossing below the 20 MMA for the S and P 500 after 8 years. Long term moving average crosses are usually associated with trend changes as was the case with the S and P 500 in 2000 and 2008:

Seasonality vs. Cycles: October Is the Midterm Sweet Spot—If the Switch
Holds
-
October's reputation as a crash month misinterprets the presidential cycle
and midterm sweet spot playbook. Since 1950, the S&P 500 has averaged a
+3.0% ga...
7 hours ago
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