$SPY update - stacking up some concerning signs here.

Following up on what I flagged yesterday, the bearish case is getting thicker:

1. Triple Weekly Bear Divergence still in play
2. AAII sentiment flipped from bear to bull (contrarian red flag)
3. Put/Call ratio just collapsed

And here's the kicker:
4. Zweig Breadth Thrust never locked in - that's a failed momentum signal

These don't hit all at once very often. When they do? Worth paying attention to what the tape is actually telling us.