On August 3rd 2018 I wrote about some behaviors of S&P. These behaviors and my desire to develop reports to understand trends at monthly level took me to draw this figure the same day:
How things happened in the calendar
At the end of August I took the decision that I was going to sell the majority of my positions. I did it.
In September I was astonished with the defiance to gravity of the market and a little bit pissed-off with the trend.
Now in October, specially in the second half of the month, I have seen how this has been evolving. The Q3 closing reports seemed to be the flutter of the butterfly that changed the trend.
It’s just a graphic, it’s just a figure, it’s just a coincidence, but I’m happy about all I learned to be able to draw it.