How is that for a great call folks? We’ve been leaning bearish for a couple of weeks now after the SOFI AI first signaled an extremely overbought market.

In last Saturday’s weekly show, I cautioned about the possibility of the most recent upward move being a headfake breakout if it fell back into the channel:

S and P 500 with headfake breakout

Staying back in cash was the right move folks, high-five:

High five

Let’s don’t be in a rush to get back into this market.