🔮   SPY Triggers Our Sell Signal, Price Looking For A Bottom (Technical Analysis)

Finance

The market as represented by SPDR® S&P 500 ETF Trust (NYSEARCA:SPY) is falling and the question on everyone’s mind is at what level does it find a helping hand of support and start bouncing again? September is historically the worst month of the year for the Index, so we should not be surprised at the sharp drop during the first week of September. The Stock Trader’s Almanac shows the first week is less than stellar, with some strength in the second week. Then there are options triple witching on the 20th, after which we will find out if this September is the worst month of the year.

seekingalpha.com     Sep 04, 2024