The Bullish Percent Index Is Flashing the Same Warning as Early 2020

The Illusion of Strength: Why This Market Is Ripe for a Reversal

Over the past week, I’ve received several DMs asking about the open trades in the ETF model—SDS, QID, and TBT. Today, I’ll break down my outlook, the current holdings, and why the market’s surface-level resilience masks growing fragility.

Until recently, the bulls seemed unstoppable. The S&P 500 hovered within 100 points of its all-time high, and the Nas…