Strong momentum: The S&P 500 has rallied 30%+ in the past 5 months. Historically, stocks rallied more over the next 2-12 months ⬇️

Pullback soon? The S&P 500’s RSI has stayed above 45, for 102 straight days — one of the longest streaks in history. In the past 60 years, the S&P was lower EVERY time 2 weeks later

This is weird: $VIX up, while stocks up. In the past 7 days: $VIX went up 1.4 S&P 500 went up 1.6% to an all-time high This almost always led to a pullback for stocks over the next 3 weeks

On Thursday the S&P 500 was at an all-time high. On Friday it crashed more than -2.5% Such quick pullbacks from all-time highs always saw the S&P go higher 3-12 months later. This is not the end.

This is crazy: Silver's weekly RSI is at 86, one of the highest readings ever. Here's what silver did after similar spikes ⬇️

Gold is Up 9 weeks in a row. Gold has never gone up 10 weeks in a row before.

This is uncommon: On Friday morning, $VIX jumped above 28 while the S&P was within 3% of an all-time high. This also happened during the 1999 and 2020/2021 melt-ups ⬇️

$VIX crashed -36% from Friday's intraday High while stocks rallied. Similar large 2-day VIX drops saw $SPX rally even more over the next month. h/t John

Gold is Down this week, after rallying 9 weeks in a row. Historically, gold fell more over the next 2-3 months:

This is rare: NASDAQ 100 gapped up yesterday. Its intraday Low was 0.3%+ above its upper Bollinger Band ! Every historical case saw the NASDAQ rally a year later. Average gain +26% h/t Heisenberg $QQQ

Gold is down -10% over the past 6 days. The past 10 times this happened, gold rallied every time over the next 2 months. When bounce? 🤔 $GLD