$SPY Double Top

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W.D. Gann Cycle Pivot & Bearish Short Term Seasonality. We want to address is the W.D. Gann Cycle Pivot. According to our technical analysis, the next pivot is due on around 8-3 to 8-5 which could result in increased volatility in the coming weeks. This can often lead to a sharp selloff in the equity markets because we are up significantly going into this pivot prompting investors to reconsider their stock positions. Bearish Short Term Seasonality and Overly Bullish Sentiment: What it Means for the Next 2-3 Months