im not going to sell everything short yet, but historically, when the 55 and 200 weekly cross bullish on the 10 year - 2 year bond yeilds this signals a crash. of course we have been moving up since this cross, but the market is starting to look shaky here. this indicator certainly doesn't give me any confidence.
as shown on the chart, the last time these moving averages crossed, we kept moving up. a bit later we had a small correction and then they crossed bearish again. it is possible something like this happens but something tells me there could be something bigger coming here.
we all know the markets have been completely disconnected from reality for almost a year now, and at some point they are going to crash it.
recent movement in the dollar/eurusd has also been a bit worrying, looks like dxy could see an extended move higher. I am going to post a chart on that next.
hope we all make it. if this indicator is proven right for a third time, we may be in for quite the ride. may start hedging as soon as tomorrow.