This chart shows a very nice up/down profile and SPY buy turns in conjunction with bollinger bands and OEXd.
1) OEX weekly early signal but wait to see 2,3
2) BB daily X to bottom and first ‘up’ to see turn from bottom
3) OEX daily X 4dma to confirm turn
Jun 25 (OEX,BBd), Aug 27 (OEX, BBd), and Oct 9 (BBd, Oct 9 OEXd turned).
I anticipate a X after the Fed mtg with a turn Jan 8-14. The rep congress won’t shutdown again resolving the issue before Jan 15 this time.
