The 5-month moving average on SPY is resilient.
SPY continue to march in lockstep with the Mega caps.
Fed just won't let off the gas peddle!
Notable spread between SPY (market cap weighted) and RSP (equal weighting).
Even Fear/Greed Index hovering around extreme readings.
The last four times we've come out of an inverted yield curve and start to steepen, the US economy went into a recession.
Retail Bulls at their lowest levels since early November.
There might be some truth to this wacky long-term support level for Bitcoin - because so far it has yet to break.
Doesn't get much worse than these readings. Getting short here is a high risk setup.