Anatomy of a Trade: S&P 500
An analysis of the excellent short trade into the 40 week nominal low of January 2022
The Setup
Stockmarkets around the globe had been on a tremendous bull run following the 9 year nominal low in 2020. Phasing had been somewhat challenging due to the attenuation of the lower degree cycles until summer 2021 when, due to the waning bullish underlying trend, visual clarity of the 20 week and 80 day components became more apparent. This setup…