Equities are waiting but receiving selling
The 20 day cycle it seams is broken on $SPY
Selling is getting worse, on volume
$UVXY is making new daily intraday momentum moves
Internals are red
$SPY STILL in channel, breakdown on volume represents a failure of 20 day cycle
WHICH WE’VE SEEN IN LATE 2021
Looks bad, but dont rule out a rally!
This market is tricky and staying out is best, as its sideways with now volume down.