History to Repeat Itself?

If history repeats itself, we could see the S&P drop for a few more weeks as we enter Q4. After that, the boost from earning reports should, when combined with seasonal factors, see the index push higher and rally throughout October.

The US indices have had a mixed September, struggling through the latter parts of the month and recording one of the worst fourth weeks of September on record, and that pattern is likely to continue over the coming days. But don’t get too worried, these are the traditional and seasonal moves of the market. In addition, technical analysts also point to the markets pushing lower in the coming days, before picking up at the beginning of next month.

With this in mind, we are going to get on the side of history… and our patterns. Going short tomorrow, we will likely hold until…

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