I've compiled a few charts I've posted in the past year warning about the economic reality of the times we're in now. My predictions we're pretty accurate up to this point, and I see no reason for it to change. Contrary the evidence for an imminent reccesion only keeps piling up. The front end of the yield curve has started to invert with the 2 year yield already higher than the 5 year. Oil declined more than 30%, banks declined more than 20%, the dollar is still standing because guess where everyone is going when they're selling out. Also on the technical side of things. Both the TSI and have now broken trough the signal line. Mind you these are slowed down indicators to remove the noise, and everytime time these slowed down indicators crossed their signal lines they never went back up before going down to oversold levels. Both indicators have also crossed in the Russell 2000 index .
All this makes me strongly believe that a reccesion has most likely already started. We may just get another slightly higher new high, but I doubt that it will happen.