source avatarRawl

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Waiting for October to pass and see what happens after the midterms, because we should eventually have larger exit liquidity before December arrives, so a red or neutral close in October would be the best thing that could happen right now to set up a move higher in November into mid December, mostly because it would reset this numb sentiment which is still divided between bears and bulls without a clear victory call from either side. Based on the calendar returns, both structurally and time wise, we are in a very similar environment to early to mid 2019 when the rally ended in June, yet this time the rally began in July and could potentially end in November extending into the first half of December. From there, we would begin a correction to print either the first macro higher low or to form a stronger base in the lower areas, in order to continue this multi year reaccumulation phase.

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