US Equity markets rejected a gap to new highs and closed on Friday with a bearish engulfing pattern. Engulfing patterns are notoriously unreliable except when they are not. This is similar in concept to the October seasonal where several devastating high sigma events have occurred (1929, 1987,2008). Normally, October is a pretty strong month, however when it’s not, its life changing if you are caught on the wrong side of it. Considering that the massive
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