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 the
SPX
holds or breaks down.
Also, the
Even the dollar
I'm 87% in cash and also have tighten all my stops.
Let's wait and see if the