The Déjà Vu Breakdown
The Déjà vu breakdown
The setup we have been outlining for weeks continues to unfold almost step by step. Equities are breaking key technical levels, volatility remains elevated across assets, and positioning is shifting as systematic sellers press the tape. Yet much of the fast money has already adjusted positioning, creating an increasingly asymmetric setup. The question now is whether downside momentum accelerates further, or whether positioning has already adjusted enough to set the stage for the next move.