Similarities to August Rally?

Let’s take a look at the market structure now compared to August.

The bulls are shaping up. We want to be long in an environment similar to August while avoiding getting caught in something like we saw in September.

The S&P 500 (SPX) is back above the 21 exponential moving average (EMA) and the 50 simple moving average (SMA) with a positive moving average cross.

We’ll review other similarities as well as the weekly MACD crosses on the overall market, our anchors like HYG and DXY, and individual sectors.

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Stay Focused!