$SPY just went red 7 out of the last 8 sessions. Last time we saw this pattern? April 2024.
Not panic territory yet, but definitely worth noting. Markets don't move in straight lines, and this kind of consistent weakness usually means something's shifting under the surface—whether it's positioning, sentiment, or actual fundamentals catching up.
Keep an eye on volume and breadth. If selling accelerates with conviction, we could see more downside. If it's just profit-taking after a strong run, buyers might step in soon.
Not panic territory yet, but definitely worth noting. Markets don't move in straight lines, and this kind of consistent weakness usually means something's shifting under the surface—whether it's positioning, sentiment, or actual fundamentals catching up.
Keep an eye on volume and breadth. If selling accelerates with conviction, we could see more downside. If it's just profit-taking after a strong run, buyers might step in soon.
