Suffice to note, monthly momentum has turned back to positive. However, as of March 1st, it will be SUSTAINABLY negative... probably for at least 3-4 months.
Thursday, 24 February 2022
Back to positive
Wednesday, 23 February 2022
Momentum turns negative
SPX m9
Summary
Wed' Feb'23rd has seen momentum turn negative. Whilst it might turn back to positive for a few days, it will be sustainably negative across March.
Alarm bells.
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