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A Short Term Chance To Hedge Or Short

Jul. 27, 2020 9:05 PM ETSPDR® S&P 500 ETF Trust (SPY)
John Early profile picture
John Early's Blog
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The two shortest cycles I follow are both pointing down. One bottoms on August 18th and the other on August 26th.

As pointed out in the last article the nine cycles we’re following collectively point higher into September, so this isn’t a good time to abandon long positions, or make big bets to the downside,  but I expect there will be a low point in the S&P 500 (SPY) between the 18th and 26th of August that will be worth hedging against or even shorting.

The 12 trading-day change is roughly on track with the cycle and pointing down.

The 42 trading day price change could play catch up with the cycle to the downside over the next month.

Analyst's Disclosure: I am/we are short SPY.

There is no guarantee analysis of historical data their trends, cycles and correlations enable accurate forecasts. The data presented is from sources believed to be reliable, but its accuracy cannot be guaranteed. Past performance does not indicate future results. This is not a recommendation to buy or sell specific securities. This is not an offer to manage money.

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