Death cross in Russell 2000, JP Morgan warning 3500 on SPX by early Summer. Gee, the market is that overvalued for that long? Takes that kind of move to wake the players up. BUT I am still NOT seeing a fast capitulation situation developing yet. Maybe on May 3rd? I saw the roll over ion April 4th. Yup 3 weeks before the rest of market acknowledges it is about right. the street is always reluctant to see bad news ahead.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.