Markets are getting dangerously close to a bearish reading we haven’t seen in over a year, and the rankings are starting to reflect real weakness across the board.
The Big 10, indices, S&P, QQQ, and most major sectors are already under the -50 threshold, which puts the market on the verge of a full bearish rating if it slips any further this week. On top of that, the weekly squeeze that’s been building since January is now breaking short, pointing to lower targets and reinforcing the downside pressure.
Even if the market pops in the short term, the structure and rankings still lean bearish, which means the focus remains on short setups and staying aligned with the trend rather than trying to fight it.
This is where day trading — especially with micro futures — becomes powerful, but only if it’s done with discipline.
Stay Focused,
Taylor Horton
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