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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