Jun 13, 2022 • 6M
$SPY Sectors collapse on good volume
1545 CST
At the end of every trading day I focus on the type of day that developed and how cycles apply to the trading that was done. I also look ahead and see how the market is transforming as I make hypotheses on cyclical activity. I then look forward to the next trading day and week using sector analysis.
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Today was a rout after losing the previous 20 day cycle low on $SPY.
Very curious close, as failure of the 5 hour cycle low was happening at around 1415 CST
Today was a failure for the 5 hour cycle to complete and rally at 1330 CST
On the chart it came up to the trendline dropped down through support around 1345 CST and then made a last attempt to allow l…
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