The S&P rallied 3.60% last week, reclaiming all of the moving average stack as well as leaving a MASSIVE gap in its wake. This marks a notable shift in tone from the prior weeks where markets faded into lows on Thursday and Friday after a earlier week pop. The most important thing to do from… Read more »
The S&P rallied back 2.45% on the week breaking a five week losing streak. Price could not close above the daily 200 or 20 SMA though, so still a counter trend rally in the context of a developed downtrend. Admittedly, the Thursday rally had more strength than what was expected after a gap down, partially… Read more »
The S&P fell an additional 2.23% from the prior Friday’s low this past week, marking the fifth down week in a row. As seen in the weekly timeframe chart below, there’s just an additional 3.79% to go before we start running into the pre tariff tantrum highs for the monthly higher low thesis at 610.… Read more »
The S&P has continued to extend its loss under the balance range down another 2.99% last week from Monday’s open to Friday’s close. Price has now officially closed below the daily 200 SMA (green) as well. Notably, the market also overshot the prior equal low set from October and November 2025. More on this later. The… Read more »
The S&P closed under the bottom of the balance range again, confirming a clean lower high on Tuesday under the 20 SMA. Price is now down over 5% from the all time high made on January 28th. The largest takeaway is the unfilled gap from Thursday indicating a notable character change. More on this later. The… Read more »
The S&P closed right back down 0.27% last week, closing once again… right in the middle of the range. The lack of conviction from buyers and sellers is astounding at this point, but perhaps this week is the week we break from range. AI Was So Last Week… Over the weekend we have news of strikes on Iran as… Read more »
The S&P closed right back up 1.37% last week, reverting to the mid point of the trading range we’ve been in since December. Sellers couldn’t get the job done. They had the bearish open under 686, but the lower high could not stick. The failure doesn’t scream, new all time highs imminent, but the resiliency continues to caution… Read more »
The S&P closed down 1.3% on the week, its worst since November. Hard to believe considering we’re still in the broadening formation… This is the first weekly close under 686 since the breakout attempt. Trend posture is now deteriorated, and prior support is now resistance as of Friday’s high. Two themes drove the tape this week. One was expected.… Read more »
It’s almost not even worth tracking % movement in this broadening range with a lack of trend… If you must know, the SPY was up a whopping 0.15% from Monday open to Friday close. The good news is just that the market held the Thursday low over the bearish engulfer highs from 10/10/2025 and 11/20/2025.… Read more »
Although marked by huge volatility, the S&P closed slightly higher last week, up 0.21%. Most importantly price was able to sustain a hold Thursday above the key 686 level. Price closed up 1.04% from that level and the next major watch is for this to develop into a firm higher low over the daily 50… Read more »