SPY Cycle Patterns For Dec 12, 2022 - More sideways melt-up.

١٢ ديسمبر ٢٠٢٢

Here are the SPY Cycle Patterns for this week.

Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data.

Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts.

The markets are not expecting anything extraordinary right now - more of the same.

The Fed rate decision will likely come in between 50pb and 75pb (as expected).

All of this has been BAKED INTO the markets already.

I can tell you what I'm seeing out here in So. Cal... Shoppers EVERYWHERE. Traffic is a mess. Lots of our of state cars everywhere. Malls and shopping centers seem packed.

From what I can see, Q4:2022 will probably stay very solid for retail and online shopping. Unless there is some catalyst to BREAK the markets, US stocks should slide into 2023 with fairly strong expectations.

Follow my research.