There is a stock market adage that says:  “Buy on Rosh Hashanah, sell on Yom Kippur.”.  This year Yom Kippur falls on Sept 30.

Interestingly, the S&P500 index will be hitting a  wall of resistance by mid-October.

As those who follow my work already know, a 5th arc is often formidable.  I advise my students not to wait to see what will happen in cases like this.  Just sell, or at least take money off the table, at a 5th arc.

Ominously, it also happens that a spiral calendar event will occur on the S&P500 on 10/24.

My advice to those who are long the stock market is to take profits if you have any and watch from the sidelines for a while.

Happy Trading…

Categories: Stocks

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