S&P500 in the short term is bearish!

2023年8月2日

Historically, the months of August and September are not the most favorable for stocks.

Seasonality has been working almost perfectly since October 2022; I don't believe it will be different now.

From the top of the channel to the bottom would represent an approximate loss of 6%. A healthy move for the continuation of the trend in larger time frames.

2023年8月19日

註釋

As expected, the first leg of the downtrend begins to show some signs of exhaustion in the demand zone. Therefore, a pullback from here should not come as a surprise.

2023年8月24日

註釋

After today's closing candle, the top of the retracement at B might have been set. Some liquidity should be captured in a new rebound; however, without reaching new highs.

2023年8月29日

註釋

The show of strength in "B" is surprising me after the negative candle on August 24th. However, I don't believe that the direction towards "C" has been changed by this. The important thing is that the overall reading of the movement is accurate so far, and that's my goal.

2023年9月25日

註釋

I hit my target. Now, I expect a reversal aiming for the all-time high by December 2023.

2023年9月25日

交易結束：目標達成

END!