Sustainably negative

 

 

Summary

Suffice to note, monthly equity momentum in the SPX has turned back to negative, and should remain sustainably so into April.

Back to positive

 

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. 

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.