Stock Market Entering “A Calendar Of Caution”

Wednesday, August 2, 2017
By Paul Martin
August 02, 2017

It appears that the number 7 will most likely play a huge role in the future direction the stock market.

A portion of today’s note from legend Art Cashin: A Calendar Caution – In his latest edition of Macro Tides, Jim Welsh alludes to the calendar pattern of years ending in the numeral seven. Here’s a bit of what he wrote:

As discussed last week, the market is entering a window of time that has coincided with tops in years ending in 7 and during the last 20 years. The Decennial pattern suggests that a top in the S&P is likely within the next few weeks, if the pattern in years ending in 7 holds true. The trading pattern in the last 20 years also supports the potential of a top in the S&P soon. Both patterns suggest a decline is coming that could last until late October or early November.

The good part is that we should know within a matter of weeks.

The Rest…HERE

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