To Break Or Not To Break

Evening Commentary

Stocks ended the day in the red, with the S&P 500 experiencing a drop of approximately 65 basis points. It seems we're at a juncture where stocks will either undergo a breakdown or ascend further.

The majority of my indicators propose that stocks should be trending downward at this point. We've been discussing this topic for six weeks now, focusing on the trapped position of the bulls and the impending rise of rates, the dollar, and implied volatility.