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VIX

SPY's Sneaky Rounded Top: Is the Bull Run Finally Rounding Over? Traders, Proceed with Caution

SPY's Sneaky Rounded Top: Is the Bull Run Finally Rounding Over? Traders, Proceed with Caution

After a strong multi-month grind higher, SPY is showing classic signs of exhaustion. A rounded top could be forming — here's what to watch and why I'm turning more defensive right now.

The flush is complete

The flush is complete

The VIX has hit a key reversal level at 18.50, triggering a risk-off signal for most stocks. Note that not all stocks participated in this rally continuing to make this is stock picker's market.

Our View of the Market Right Now

Our View of the Market Right Now

The market character has shifted from "reallocation" to "liquidation." Here is what the data says about the bottom.