The Daily Momentum Gauges turned negative on January 13th with consecutively increasing negative values every day since the signal. The S&P 500 Momentum Gauges confirmed a negative signal on January 19th and continue to rise in negative momentum values. The Early S&P 500 Momentum Gauge signal turned negative on Friday, January 14th after 3 consecutive days on increasing negative momentum values. The Sector Momentum Gauges measuring 11 sector conditions are all negative except two sectors, further confirming broad negative market conditions. Finviz.comThe Prior Negative Signals in Advance of Major DownturnsBack on November 17th the negative signal marked the 19th major negative Momentum Gauge® signal since publication of the model began in 2018.

Source: CNN January 23, 2022 19:04 UTC