Same Setup As Last Year — And It Didn’t End Well

Similar set up

This continues to resemble last year’s sell-off. A few months of frustrating consolidation, rising under-the-hood fear, a break of the 100-day, and then the “light death cross” (21-day vs 100-day).

Let’s see how it plays out, but 24,500 in Nasdaq futures remains the key make-or-break level to watch.