S&P 500 Seasonal Patterns, Oil Breaks Out, an Outsized Decline in Gold, and the Dollar Tests Prior Lows (Premium)
SPY stalled the last seven weeks, but remains in a clear uptrend. Despite some concerns with seasonal patterns in June, August and September, the price chart for SPY remains strong and the Composite Breadth Model is fully bullish. The Fed balance sheet expanded this week and hit a new record