The recent runup to new highs in both the S&P 500 and the Nasdaq 100 came to an abrupt halt this week, and our Risk Gauges flipped negative in short order. It is also important to note the selloff in the SPY is not overdone and has a lot more potential downside. Even more critically, IWM looks extremely vulnerable, which is testing a well-formed valid 6-month trendline that has helped keep the rally intact. If
This content is for Premium subscribers only. Please register or click here to login.
