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⋅ interesting chart here.
we have spx/nq1!, the bottom formed in nov '21. this was a great 'exit all markets' signal.
local top was jan '23, which was a great 'risk on' signal.
now we're in a potential wave 2 zone with rsi hitting oversold for the first time since 2020.
i think this will turn into another macro 'exit all markets' signal.