DOW JONES Bearish Divergence on Schiff-Pitchfork

By mortdiggiddy

Updated

October is bad for stocks.

Note

DOW hits 20 Day and SPX hits 50 Day SMA. We may pause here for a moment.

Note

Hanging out on 50 day SMA.

Note

Ugly -600 point day.

Note

We haven't seen this type of volatility since early February, and it is apparently for the same reasons. The lesson is that when bonds start to make new 52 week lows rapidly that the rate shock hits the stock market about 1-2 weeks later.

Note

We are nearing the base rail of the fork. This could present some buying opportunities as October is generally a large bottom in the market into the Xmas rally.

charts.equityclock.com/sp-500-index-seasonal-chart

mortdiggiddy

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