E-Wave for the S&P 500 Index

[JLS]

Sunday's Headlines

U.S. Stock-Index Futures Drop as Global Growth Concerns Hit Asia
http://tinyurl.com/y4kb7ufq

Stock Sell-Off Roils Asia, Yields Slide Further: Markets Wrap
http://tinyurl.com/y55yj5c2

That article also refers to a yield inversion (and as first time since 2007). They are referring to the 3M:3Y.

I've seen inversions earlier this year in the shorter treasuries, and I have already posted about that. Inversions are considered perfect in terms of forecasting bad times for the stock market. But they don't precisely predict when so there can be good gains that will be missed if you get out (or short the market) too early.

I usually don't have to worry about that very much because my trading method over the last 2-3 years has been to sell weekly CCs on all my stocks every week, and that often puts me at all-cash by Monday morning. As luck would have it, that just happens to be the current situation.

Inverted out to 5Y.
https://stockcharts.com/freecharts/yieldcurve.php

The following link shows every market over the world opening in the hole Monday morning. Current day/time here: Sunday; 11:23 PM PDT.

https://www.bloomberg.com/markets/stocks/futures