Leading Indicators are very Bearish
The JNK ETF is heading further down with a big bearish Marubozu that is the YTD low -> Bearish for equities.
The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities
The DJT ETF ended on a recent low too -> Bearish for equities
The VALUG has a bearish candle for more downside -> Bearish for equities
The TIPS ETF bearish marubozu ending on a YTD low-> Bearish for equities
The TLT ETF is diving -> no flight to safety, just selling.
The VIX is coiling -> bearish outlook for equities, more volatility incoming when it spikes!
The HG1! copper futures ended on a strong low for the week, and will be attacking support. Expect failure.
Overall, very Bearish bias on equities for the next couple of weeks, and at least until the VIX spikes very hard before retracing (it is only coiling now...)
The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities
The DJT ETF ended on a recent low too -> Bearish for equities
The VALUG has a bearish candle for more downside -> Bearish for equities
The TIPS ETF bearish marubozu ending on a YTD low-> Bearish for equities
The TLT ETF is diving -> no flight to safety, just selling.
The VIX is coiling -> bearish outlook for equities, more volatility incoming when it spikes!
The HG1! copper futures ended on a strong low for the week, and will be attacking support. Expect failure.
Overall, very Bearish bias on equities for the next couple of weeks, and at least until the VIX spikes very hard before retracing (it is only coiling now...)
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