Here is something you rarely see, a monthly chart of the SPY (S & P 500 ETF). With all the talk on TV etc. of what will happen in the next nano second, it helps to step back and look at longer term possibilities. I have hinted in other notes that the markets (and,“yes”, all the other indexes look similar to the SPY in terms of relative positioning of the monthly stochastics) look very oversold and resemble many other instances when the market rallied over the following couple of years. Of course anything can happen and other disclaimers (i.e. yadda, yadda, yadda) but I am going to take my bets on the bullish side over the next few years. Let’s see what happens.
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