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Our seasonal cycle work over multiple timeframes points to an
interim high this Friday, September 16, the 11th trading day of the
month. September’s trading pattern going back 72 years to 1950, 31 years to 1991
and 21 years to 2001 is remarkably consistent.
The next two weeks are packed with economic reports starting
with CPI tomorrow and PPI Wednesday ending with the Fed’s decision on rates and
their Summary of Economic Projections the following Wednesday September 21.
With the backdrop of volatile quarterly expiration Friday, the
dreadful record the week after Q3 OpEx and the notorious end of September weakness,
trading action over the near term promises to be interesting to say the least.
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Image and article originally from jeffhirsch.tumblr.com. Read the original article here.