It is no secret
SPY performs the worst in September. According to seasonality data, the SP500 returns an average (10 Years) of -1.64% in September.
From current prices, -1.64% drawdown is roughly at $443, the same area(s) as my short targets at the 50 SMA and 200 EMA.
From current prices, -1.64% drawdown is roughly at $443, the same area(s) as my short targets at the 50 SMA and 200 EMA.
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Disclaimer
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.