Getting on the short side of this market has been a good decision thus far. Our 4100 call credit spread we opened in the Compounding Growth Mastery last week is rockin’ and rollin’!
The bulls have given back most of their progress. The SPX is below the 21 exponential moving average (EMA), below the 50 simple moving average (SMA), and printing a new daily Big 3 sell signal.
In the video above, we’ll lay out the key levels that are lines in the sand for the bulls to have a chance to bounce again. We’ll also review the Dollar (DXY) and the junk bonds (HYG) to build on our thesis.