$spx/$nq1! potential wave 2 bottom | macro short siganl

٢٢ مارس ٢٠٢٣

interesting chart here.

we have spx/nq1!, the bottom formed in nov '21. this was a great 'exit all markets' signal.

local top was jan '23, which was a great 'risk on' signal.

now we're in a potential wave 2 zone with rsi hitting oversold for the first time since 2020.

i think this will turn into another macro 'exit all markets' signal.