....a breaking down in equities are about to happen, and market participants remain glued to the green Dow futures.
Real-time "Trend Update" - Normally, I post this chart at the end of the week but since the trend for $IWM has now flipped to DOWN, sharing this in real-time. Price has closed below the red line and my portfolio is now hedged.
Since late Feb, we've been focused on $SPX 5050 as a "line in the sand". Anything above that level is a brief pullback, anything below brings a high likelihood of much deeper drawdown. Currently trading lower and a close below this level = quite bearish.
