The last of three trades pending from last week, still yet to be triggered: SPY: Sell Signal on close below 400 (currently 410.85) Mar 17th $390P (currently 3.50-3.55) The big news is January CPI and it will be out tomorrow pre-Open. Everything else we look at remains in a "next leg down pending" status. Leading the charge should be interest rates and as the chart indicates, if we are in a higher rates then lower stock prices will follow. US 10Y - SPY SPY Hourly One more test of the top trendline looks to be in order, coinciding with release of CPI tomorrow morning. SPY - Longer Term P&F Forecast This Point & Figure chart highlights a support trend line up from the Covid Crash lows of March 2020. That support sits today around SPY 380. A break would target a crash to the low 200's.
