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Classic Reversion to the Mean?

June 26, 2023

The weekly squeeze on the S&P 500 (SPX) fired 4 weeks ago. Usually, a weekly squeeze could give 6 to 8 or even 10 weeks of momentum. The SPX daily chart is beginning to revert to the mean and converted … Read more

Bulls Taking Control

June 16, 2023

With the weekly bull-squeeze on the S&P 500 ($SPX) finally firing long, the bulls were able to break price above the $4,300 level this week. As things are extended, there is always the potential for a reversion-to-the-mean pullback right around … Read more

SPX Hits August Highs, What’s Next?

June 12, 2023

Multiple squeezes on the S&P 500 (SPX) have fired to the upside. At the end of the day on Monday, the SPX hit the August highs (as we reviewed in last week’s newsletter). This is a big level to start … Read more

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