Opinion: Stocks are on the very verge of breaking lower this week

$SPY $QQQ – In my opinion, stocks are on the very verge of breaking lower this week.

The way price is behaving today, is reminiscent of the price behavior on January 4th.

This includes the crowd favorite $TSLA which is expected to be the hardest hit (due to lackluster support).

— The Market Bear (@TheMarketBear) March 28, 2022

Thinking of this chart a lot lately pic.twitter.com/TvjW1vFham

— & (@JustPunting) March 28, 2022

APPLE PLANS TO MAKE ABOUT 20% FEWER IPHONE SES NEXT QUARTER THAN ORIGINALLY PLANNED – NIKKEI

— First Squawk (@FirstSquawk) March 28, 2022

Speculator positioning in S&P 500 futures saw the largest one-week drop in over a decade last week.
Read about this topic, US Treasury price action, and more in tonight's Closer: https://t.co/7FT8GDOjVV pic.twitter.com/OgHX7Ny8qB

— Bespoke (@bespokeinvest) March 28, 2022

'A sharp divergence between the U. Michigan's and the Conference Board's sentiment indicators tends to lead to economic downturns.' https://t.co/6Pa0z8F7VZ via @SoberLook pic.twitter.com/1af9yTgNHO

— Jesse Felder (@jessefelder) March 28, 2022

'The spike in mortgage rates could have broader implications for the economy.' https://t.co/6Pa0z8F7VZ via @SoberLook @topdowncharts pic.twitter.com/KRWNL7vXF4

— Jesse Felder (@jessefelder) March 28, 2022

Treasury Yields Invert for First Time Since 2006, Signaling Possible Recession Looming

Consumer sentiment decade-low

Hedge fund oil positions caught between risks from sanctions and recession