Cycle19

Rapid, Bearish Shift in Monthly SPY Cycle Phasing

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
The StochRSI oscillator does a good job of identifying cycle highs/lows; when this indicator suddenly changes direction after a confirmed high/low, it implies a dramatic shift in investor sentiment. Look for 3-5 more bearish monthly bars before a relief rally emerges. The Fibonacci 62% retracement near 242.00 is my initial price target for SPY during the first quarter of 2019.

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