SPX500 Final Flag into FOMC

Seasonality says down after FOMC statement on June 18. The markets like to bake in the FOMC news for the first 3 weeks of June, then sell. $SPX $SPY $VXX $NDX $IWM $TLT $AAPL $BA

ES Seasonality: www.mrci.com/client/spmarket/esd.php

Commentaire:

Top red line barely visible is the old 2018 ATH.

Commentaire:

Smacking opposite side of pitchfork and the late April to early May dark pool sell levels.

Commentaire:

SPX Futures, same idea.

Commentaire:

As a hedge I am long YM and short NQ the same number of contracts. This is the dollar value of that YM/NQ spread. Big move coming with support for banks (Dow Jones and hawkish FED) and selloff in tech.

Commentaire:

Daily picture of the YM/NQ spread.

Commentaire:

Doing exactly what seasonality and the last 5 years of June FOMC suggests. All news baked into first 3 weeks of June rally, including the final spike 1-2 days before Wednesday (today).

www.mrci.com/client/spmarket/ymd.php

Commentaire:

I'm not buying it. I am looking at Nikkei long however.