Market Top, September 7th?

The Day After Labor Day, 1929

The Tuesday after Labor Day 1929, was the the Dow high before the crash.

Empirical data gathered over the years has shown markets tend to reverse just before, during, or just after a holiday week.

Will that apply this time around?

At least three things will happen on Tuesday, September 7th.

Relief assistance‘ runs out. It will be a Fibonacci 13-days from the S&P August 19th low. Tuesday the 7th, is the first market open following a holiday:

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.
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