…3 negative weeks in a row is a rare event.
My main model closed significant market exposure today. A Weak USD, and Asian and European Equity markets help S&P 500 this week.
The SPX charts shows that we had the third negative week in a row. Since 2016, I can only see two more times this pattern. It is rare and worth to take into account.
Currently, we are near the high before the large drop during Q1 2020 with both (weekly and daily) regression lines broken to the down side. Take a look to the chart.
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