AMEX:SPY   SPDR S&P 500 ETF TRUST
Please see original thesis detailing the 19th cycles.

So-far, performance has followed our original chart showing:

  • a consistent drop to the 42x line from October and January.
  • we are nearing February 23-Feb 28th bottom & bounce-back (YELLOW dotted lines)

Important Notes:
  • the white downward arrows show a macro trend down from January 12th
  • they point to a March 4th bounce-back date
  • the yellow-dotted downwards trending line shows a more aggressive down micro-trend to 42x
  • red dotted line shows the point at which we will hit the March highs, and drop ($446-$458)

Final thoughts


Look at the big red line that shows our most bottom-bottom, trending since 2018.

If February highs perform lower than January, which they likely may, we are in a bear market to take the spy back to lows $410-$413 (see the intersection of down white arrows, and the red arrow) with significantly lower bounce backs (no more ATH).

Positions: a couple of SPY puts + several SPY and AAPL calls (buying more over the next week).
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