In the last 20 years or 240 months, SPY only put in 4 consecutive months of being red or having negative returns.
November also is the 2nd highest return after April on any given year.
Statistically, SPY ends up a lot higher by year-end 2023. Bullish November and December coming. $SPDR S&P 500 ETF(SPY.US)$

Real Disposable Personal Income
$SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$

Leading indicators fall again, marking the 18th consecutive monthly decline.
$S&P 500 Index(.SPX.US)$ $SPDR S&P 500 ETF(SPY.US)$

$Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$ 🚀 Will NASDAQ Yearend Rally continue? Every year since 1971, avg gain of 14.7%. Best one was 54.5% in 1998! Hold till end of year, 94.2% chance of profit, avg gain of 11.1%. No losses in pre-election years like 2023! 💰

This ratio hit levels comparable to the Dot Com bubble
We all know how it ended back then…
$SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$

In prophetic tone, I declare: QQQ and SPY, within the span of twain days, shall embark upon a descent of no trifling measure, but a descent profound, to the extent of 3% or more.
$Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$

This week, look out for the Personal Consumption Expenditure report coming out Thursday, and the August jobs report releasing Friday. Those two pieces of data will give a sign of whether the Fed will indeed continue raising rates, as Powell cautioned at Jackson Hole, or if inflation and the jobs market are cooling down enough for the central bank to keep rates unchanged. $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$

Inflation “remains too high,” Federal Reserve Chair Jerome Powell said at the Fed’s annual retreat in Jackson Hole. So is economic growth — at least for the economy to hit a 2% inflation reading, a target that Powell insisted the Fed will not budge on. Interest rates, therefore, might continue going up and remain restrictive for longer, Powell warned. $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$

$SPDR S&P 500 ETF(SPY.US)$ is currently trending downward and broke a major support levels at 444 and 445 leading the way down to 430 if the levels at 430 breaks down than expect a decline to 426 and 417 if the markets start to enter a bearish phase. What I expect to see from SPY this week is one of three things, the first one being that price starts to move upward and we hit the 50 or 61.8 percent retracement at 446 or the 61.8 percent retracement at 449. On the flip side of t...