Replies to post #91145 on SPDR S&P 500 (SPY)

[Two-timer]

I agree and pointed that out in a previous post. The cycle has focused on the indexes dropping the final week in each month, then going into rally mode at the beginning of each month. But sometimes Da Boyz throw a little "wrinkle" into the mix and do what I call a fakeout upside move before taking prices down one more time. My opinion is that if we see a rally beginning on Monday, it will be a fakeout into T-Day, followed by the usual end-of-month decline. Recent examples of this include the fakeout rallies starting 9/28 and 10/22. There were similar periods in May, June, July and August. The patterns, in my mind, are unmistakable. That doesn't mean they will continue forever. But apparently that's the way Goldman's trading software is programmed. Two

[Tictac]

Ron,

I always get something out of your charts. Thanks for sharing.

Tictac