A review of daily Engrbytrade™ S&P500 trading calculations between May 27, 2021 and September 1, 2021 indicated strategic trade positioning occurred during this time frame in preparation for a decline in 2022. This is based on extreme Engrbytrade™ readings from very subtle movements in price during the trading days of May 27, 2021, June 25, 2021, August 4, 2021, August 13, 2021, August 24, 2021, and August 31, 2021.
Similar strategic trade positioning activity appeared between May 9, 2023 and July 31, 2023 where extreme readings were noted on May 9, 2023, May 31, 2023, June 23, 2023, July 19, 2023, July 21, 2023, and July 31, 2023. Based on May – July 2023 readings, the remainder of 2023 is expected to remain volatile followed by a decline in 2024.
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