$SPX toying with the 5050 level, but a confirmed breakdown below that level opens the door to potential further downside. 4800 would represent a 38.2% retracement of the Oct 2023-Mar 2024 rally, and would line up with the previous ATH from Jan 2022. https://x.com/DKellerCMT/status/1780982799853289475
A LOT of people asked us this question: Is the number of days of an inversion related to market drawdown? Based on our research, the answer is a strong YES More inversion days = deeper drawdown We’re already at +511 days This only occurred 3 times: 1929, 2008 and 1974 https://x.com/GameofTrades_/status/1781029931251560481
