This probably is not a good sign for the 
SPX, as these assets are highly correlated (0.88) and normally 
CPER leads the business cycle.
Also, the
VIX is back above 20 and 
TLT hasn't resume its downtrend.
Even the dollar
UUP is showing strength again.
I'm 87% in cash and also have tighten all my stops.
Let's wait and see if theSPX holds or breaks down.
SPX, as these assets are highly correlated (0.88) and normally CPER leads the business cycle.Also, the
VIX is back above 20 and TLT hasn't resume its downtrend.Even the dollar
UUP is showing strength again.I'm 87% in cash and also have tighten all my stops.
Let's wait and see if the
SPX holds or breaks down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.