Is there a recession on the horizon? Is it imminent? Perhaps.

The spread between the 10-year Treasury and the 2-year Treasury is getting dangerously close to inverting, says Vince Colubiale, president of FinTech Wealth Management.

And inversion, he says, has been one the most accurate indicators of an impending recession. The spread was 0.34% as of June 21, 2018.

Want to track the spread yourself? You can do so at this Federal Reserve Bank of St. Louis website. Among other things, Colubiale says it's a great chart to be aware of, especially for those investing near retirement.

Note: If you expand the chart to "max," you'll get a better sense historically what inversion has meant to the equity market and the economy, says Colubiale.

Also of note: Colubiale is of the opinion that if the Fed moves two more times this year, inversion may happen faster than most think.

Got questions about money, retirement and/or investments? Email Robert.Powell@TheStreet.com