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The State of the Trend

I mentioned on Saturday that complete monthly and trading day statistics for the whole year can be found in my book Trading the SP500.

To mark the end of last month, I'm enclosing the daily trend summary chart from p.23, overlaid with SPY:

Daily Trend May vs SPY

With the exception of a two day shift of the cycle at the beginning of the month, the market followed the script to a tee. I'll let somebody smarter than me figure out the odds of this being a random coincidence.

FYI, the summary for June can be found on p.46.

 

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