There’s a pretty solid outflow of money from the market this last week or so, the big 5 names are holding SPY up, making it not look as bad. The lines on the bottom are the outflow
A lot of COVID related names are getting nailed as well, all the lock down names that ran, TDOC, PTON, ZOOM etc. Here’s a list of names and how far down they are from ATH
No crystal ball, but we have been near vertical on spy for a few weeks, needs to cool off, but the big ones propping up the spy while the rest are dipping does make me a little nervous