Seasonality studies show that September is, on average, the weakest performing month of the year. John and Bruce consider some seasonality studies in this Power Charting episode. First they update stock indexes as they sagged into the end of a weak month of August. Point and figure studies are updated and show downside targets near completion. What should be expected next? Option volume shows sentiment becoming more pessimistic and fast approaching levels that can coincide with market lows.
Seasonality (generated with the seasonax.com research tools) characteristics during 2022 are fascinating. John and Bruce compare these seasonality studies to the year-to-date performance of the S&P 500 with striking correlations. What could the remainder of the year hold for stock indexes if these seasonality patterns continue.?
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