* Over the past 28 years, the SPY has gained an average of
3.45% in 15 of those years; it has fallen by 6.42% in the
other 13 years.
* The critical support level for SPY is 332.85. If the SPY finds
support at this level then you can expect continued,
moderate price increases.
* Prepare for a moderate increase in volatility for the rest of September – watch the VIX.
My research team and I have been pouring over the charts in an effort to attempt to identify any support or weakness related to the increase in volatility over the past 7+ trading days. The VIX is currently at 29.71 after reaching a high of 38.28. We believe the increased price volatility is here to stay – at least through the end of 2020. This means skilled technical traders should prepare for some potentially large and aggressive price swings over the next few weeks and months.
September 11th and Historical Price Modeling
As we come to September 11, 2020, and reflect on the 9/11 terrorist attacks, we become more centered on what really matters in life for most of us – family, friends, health, safety, and opportunity. Even though we near a potential rotation in the market, we must never lose focus on these most essential components of our lives....Continue Reading Here.
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