As previously discussed, spy has not broken (correctly) to the downside of the distribution pattern discussed in last week's post.
My leading indicators (gold, EM, and rates are signaling risk-off). However, gold has paused. SPY is at the large 400 handle. I expect a slight bounce or some consolidation to occur before continuing toward my target of ~380.
My leading indicators (gold, EM, and rates are signaling risk-off). However, gold has paused. SPY is at the large 400 handle. I expect a slight bounce or some consolidation to occur before continuing toward my target of ~380.
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