I don’t know how you showed up on my feed, but probably because I am expecting down by the end of September
$BTC - $SPX Correction Indicator (You're welcome in advance edition):
Here's another one of my trusty correction/crash indicators that I use to telegraph significant price declines in SPX, as BTC has proven to be the most reliable risk-on / risk-off indicator that exists for reading future equity market moves.
As shown here, areas shaded in gray are periods where BTC is declining while SPX is still rising, and areas in pink show the periods of SPX peak to trough declines that immediately followed. Each time this divergence occurred, SPX capitulated and dropped anywhere from 10%-35%. We`re currently in the exact same position and the daily is showing we`re within days to weeks before SPX should drop significantly yet again. But maybe this time is different, right? RIGHT?...(Spoiler: It's not).
Not advice, I eat crayons
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