mortdiggiddy
Short

SPX500 Final Flag into FOMC

FX:SPX500   S&P 500 Index
Seasonality says down after FOMC statement on June 18. The markets like to bake in the FOMC news for the first 3 weeks of June, then sell. $SPX $SPY $VXX $NDX $IWM $TLT $AAPL $BA

ES Seasonality: https://www.mrci.com/client/spmarket/esd...
Comment: Top red line barely visible is the old 2018 ATH.
Comment: Smacking opposite side of pitchfork and the late April to early May dark pool sell levels.
Comment: SPX Futures, same idea.
Comment: As a hedge I am long YM and short NQ the same number of contracts. This is the dollar value of that YM/NQ spread. Big move coming with support for banks (Dow Jones and hawkish FED) and selloff in tech.
Comment: Daily picture of the YM/NQ spread.
Comment: Doing exactly what seasonality and the last 5 years of June FOMC suggests. All news baked into first 3 weeks of June rally, including the final spike 1-2 days before Wednesday (today).

https://www.mrci.com/client/spmarket/ymd...
Comment: I'm not buying it. I am looking at Nikkei long however.

Another day another dollar.

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Ranging, lets see buddy
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Cameron, Can you explain how that X a b c d pattern get's read? What tells you down, from the pattern, leaving the FOMC out?
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mortdiggiddy dryanhawley
@dryanhawley, Seasonality link.
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