I mentioned not declining severely before expiration.It was...

I mentioned not declining severely before expiration.

It was interesting in that regard even last year even though CNBC is talking about whether this Sep will be as bad as last year.

In fact even though last Sep started down the US had a huge rally into expiration day which eliminated any damage and then started declining with the worst not happening till the last couple of days of the month.

Here we rallied into about the 25th and likewise it was only the last couple of days that did the real damage.

Monkey

You mention Oct 5 for a top and it certainly would be a historically popular date for the SPI (1987/1989). I know Laundry has Oct 15 for a top but if Carolan's crash model works this time then it should be a low. 45 cal days before that is Aug 31 which has been the high here and so could give Carolan's theory some weight IF we don't make new rally highs. Not a 56 day fall or 10 as you suggest but perhaps a valid Gann period.