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Editor's Note: The following chart and brief excerpt are from this morning's Early Look written by Hedgeye CEO Keith McCullough. It makes a lot of sense to subscribe. Trust us.

 CHART OF THE DAY: A Scary Immediate-Term Downside Setup - z ben 77 08.28.15 chart

...As I look at what I call the downside of the “probable range” in Global Equity markets this morning, for the first time in my career I don’t think I want to be right.

 

That’s a tough thing for me to write because the goal of the game is to be right. We’ve spent the last 7-8 years trying to evolve the Global Macro risk management #process to the point where many aren’t unprepared for this. Unfortunately, many are.

 

Rather than depress you with words, let me just show you the numbers my models showed me...