HYG exhibits the same pattern as SPX which is an expanding
diagonal. Therefore the moves become larger as the diagonal
expands. SPX also had a symmetry break with August rally but
the pattern suggested the next move down would be greater which is
why I warned back in August. The swings are increasing and
thus the next move down for SPX could be the swiftest all
year.
Project, monitor, adjust
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HYG exhibits the same pattern
HYG seems to be leading. Looking at Steve's 60 min ...
Posted by steve on 5th of Oct 2022 at 05:30 am
HYG exhibits the same pattern as SPX which is an expanding diagonal. Therefore the moves become larger as the diagonal expands. SPX also had a symmetry break with August rally but the pattern suggested the next move down would be greater which is why I warned back in August. The swings are increasing and thus the next move down for SPX could be the swiftest all year.
Project, monitor, adjust