Seasonality may be showing a temporary top as we close the month of October. We broke the key trendline/pitchfork today beneath all of the FOMC related volume. I expected continued selling into next week.
Note
Back testing the broken fork rail here.
Note
Remarkable confluence to the 10 year seasonal this year for SPX and DJI. This says we don't even get a relative top until next week.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.