In addition to S&P500 positioning for distributions, daily Engrbytrade™ Dow calculations indicate that positioning for very large distributions took place between March 6, 2023 and April 5, 2023. This is similar to what took place between October 19, 2021 through November 11, 2021, as well as December 8, 2021 through January 6, 2021. This positioning indicates preparations are being made for a significant decline in 2023.
Stock charts courtesy of StockCharts.com.
