The latest internal market data shows a broad collapse in demand and increase in selling pressure across all major S&P 500 sectors.

The percentage of stocks trading above key moving averages—from 5-day to 200-day—has declined sharply. While short-term trend damage is now widespread, we’re beginning to see conditions where countertrend setups with convexity potential may form.

It’s a signal to prepare for an eventual countertrend. 

Read it here: Market Breadth Collapse Intensifies: Monitoring for Countertrend Setups with Asymmetric Risk/Reward