Subject: Another timing indicator
Hello all,

This is an indicator from Seeking alpha, but lost the original article link.

It is based on 4 variables

"In order for the process to indicate a high risk or “defensive” stance for equity assets, the following must be in alignment :

a) the price of the S&P 500 resides below the moving average value

b) the year to date S&P 500 return into June 30th is negative

c) a & b occur within a 1st, 3rd, or 4th Presidential term year

d) a, b, & c occur within a 24 month proximity to a “yield spread” inversion ( the 3 month U.S. Treasury bill yield greater than > the 10 year U.S. Treasury bond yield )"

https://docs.google.com/docume...

Regards
Paul