Major indexes peaked during the first week of September and have followed our forecast for greater declines than have been seen in prior months. However,

We will learn this week if the Fed will rescue markets into the upcoming Fed meeting on September 22. There is no Fed meeting in

The market continues to grind higher in the wedge pattern shown above. A break of SPX 4,444 on a closing basis would indicate an intermediate

We do not expect SPY to break out above the upper trend line.  Instead, price should break below resulting in the largest correction since the

The Russell 2000, shown above, often signals impending trouble for the major indexes. The Russell rolled over in early July and has declined approximately 10%. 

Sentiment is likely to keep deteriorating over the next 2 months as the Delta variant peaks into late September. We forecasted the peak for energy

We forecasted a peak for most stocks near the end of the second quarter, June 30, 2021. We exited most long positions, including our heavily