The S&P is getting further away now from the 50 sma which is not bullish because it needs to break over that to get Bullish again and hold.
And now it needs even more strength to do that and it doesn't have it today.
Conversation
Brian given your experience and the chaos that the Fed, Taper, inflation etc have created with the US economy how do you see the next 6 months playing out in the markets? Big Sell off or can the markets pause and go again. If you believe it’s a sell off……care to guess how big?