It hasn’t happened quite yet across the board, but I wanted to at least point out that the 50-day EMA is getting deliciously close to crossing beneath the 100-day EMA for the first time since early 2022. And, as I recall, early 2022 started off a very interesting period in the world of trading.

SPY

QQQ

IWM

As for that last one, small caps – – we’re already there! Paradoxically, the best gift the bears could receive right now would be a lusty, hearty, told-ya-so rally over the next two or three days.

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