SPY: There is no reason to be long
Everything is against being long this market currently:
Divergence in credit
Small Caps rolling over
MACD divergence
Oil headed lower
Rates headed Lower
Fed worried about economic growth
Currency devaluation around world keeping dollar strong
Buybacks only thing keeping EPS inline
Divergence in credit
Small Caps rolling over
MACD divergence
Oil headed lower
Rates headed Lower
Fed worried about economic growth
Currency devaluation around world keeping dollar strong
Buybacks only thing keeping EPS inline
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