My ROC indicator is still holding on to a long SPY position while Varadi’s AggM indicator has recently flashed a sell.
ROC indicator is the middle pane with the blue and red lines. Varadi’s AggM is the bottom pane with the single red line.
Honestly, the ROC indicator was designed to catch long-term trends. It has seen a lot of whiplash over the past 6 months. For this reason, I’m inclined to put more weight into the AggM.
Perhaps we’ll get a sell off and another sustained uptrend.
Another wicked dump and thrash would fit with the last few summers. Was hoping for a sell off into the eurotard bullshit, but we got a levitated what could go wrong instead.