SPY

Just taking simple trend lines and plotting likely path between common TA shapes

Kommentar:

The weekly 200ma is currently being touched as it was in June. The headlines are decidedly panicky which is always a decent counter indicator but it's a long way to the next support from here. I'm not short or anything but I did hit the pause button on my 401k by moving to stable value when we touched the top trend line at the end of August. We'll see how this looks around October

Kommentar:

Well we arrived at the same destination by date but took a slightly different path. Possible hammer time around midterm elections?