Sell SPY by May 30, 2026.

I track a composite market regime score that weights four dimensions: technical momentum, macroeconomic leading indicators, volatility regime, and sentiment. This week it moved into confirmed risk-off territory for the first time since late 2022. Here is what the current readings look like. Technical momentum is deteriorating. SPY has made two lower peaks since mid-March and is now more than 9% off its closing high. The 6,500 level held as support through most of Q1, but it has now flipped …