For those gamblers waiting for the big “retest” vis-a-vis the February low, they will be surprised to learn it has already taken place and failed…
For example, the second largest S&P sector. Notice this doesn’t say the worst month since February 2018:
Also already below the February low on a closing basis:
Materials, Autos, Retail, Homebuilders, Healthcare, Construction, Oil Services, Consumer Staples
Which leaves…
Crude oil:
As we see, the world’s largest energy stock is well below the February low…