Signal Update – 10-20-2023

The latest signal for S&P 500 is WAIT.

In the past 9 trading sessions, S&P 500 index has dropped from 4335.66 to 4224.16, a change of -2.6 percent. The index closed at the high of the period on Wednesday(10-11-2023) at 4376.95. It then dropped to the low of the period on Friday(10-20-2023) at 4224.16. We started the period with the full-equity position. A sell signal was triggered on Friday(10-13-2023). We exited the position at the market close with the index price of 4327.78.

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