• 514 days Will The ECB Continue To Hike Rates?
  • 514 days Forbes: Aramco Remains Largest Company In The Middle East
  • 516 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 916 days Could Crypto Overtake Traditional Investment?
  • 920 days Americans Still Quitting Jobs At Record Pace
  • 922 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 925 days Is The Dollar Too Strong?
  • 926 days Big Tech Disappoints Investors on Earnings Calls
  • 927 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 928 days China Is Quietly Trying To Distance Itself From Russia
  • 929 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 933 days Crypto Investors Won Big In 2021
  • 933 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 934 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 936 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 936 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 940 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 940 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 941 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 943 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

That's all Folks!

That's all folks!

We continue to expect this election year to see a decline from April to June and believe that last week's 6 month cycle high marked that high. Equity markets in Presidential election years have a nasty habit of dropping during this period and the eighth year of a Presidential term sees nothing more than a temporary bounce in June before a decline to new lows.

The S&P 500 was turned back from 2,110 - the same level where the big sell-off began last August as well as the high in early November. Watch for a re-break of the breakout level at 2,075. 2,033 is the new pivot low. A break of that level will confirm that the herd has turned.

Dow Jones Industrial Average 6-Month Cycle Chart
Larger Image

 

Get your copy of the April Lindsay Report at Seattle Technical Advisors.

 

Back to homepage

Leave a comment

Leave a comment