Waiting for the recycle amidst an elevated tail-risk backdrop
I agree. I've been saying the same thing for several weeks. A correction or pullback is on the horizon, but hasn't arrived yet. While signs of technical deterioration are appearing, a sideways consolidation marked by a rolling correction is very possible.
Here are the indicators that I've been watching, some of which have recycled and some have not.
The full post can be found here.