S&P 500 SPX/TLT ratio indicates bullish setup ahead of 2024 elections

From Investing.com: 2024-10-23 02:30:00

Monitoring purposes; Sold long position on September 13, 2024, at 5626.02 for a 2.23% gain. Additionally, long SPX on September 5, 2024. Sold SPX on August 19, 2024, at 5608.25 for an 8.14% gain, and long SPX on August 5, 2024. Gain from January 1, 2023, to December 31, 2023, was 28.12% for SPX, with SPX gaining 23.38%. Currently up over 28% for the year so far, with SPX up around 22%. Looking for a bullish setup going into the 2024 election based on RSI reaching near 30 on the SPX/TLT ratio. Potential reversal indicated by SPY closing outside its outer Bollinger band by more than 50% in mid-October. Weekly GDX indicators showing no divergence currently, suggesting ongoing upward trend.



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