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 »
The S&P closed higher up 1.14% from Tuesday’s open, but mostly unchanged from the over head balance range. The gap down and subsequent rebound as we know was the result of “tariffs on, tariffs off” when it comes to Greenland and the EU. Though the trend is threatening a lower high, so long as price… Read more »
The S&P closed mostly unchanged on the week up a mere 0.15% yet down 0.62% from the all time high that was set on Monday. Lots of effort and moving around for not much reward and progress. The trend remains up, and price is still above the breakout level, however with a lagging Nasdaq, its… Read more »
The S&P closed up 1.09% on the week and at record highs on after a positive response to the labor report which came in with mixed results. The unemployment rate fell from 4.6% to 4.4% but the non farm payroll number expected at 60k came in light at 50k jobs which we know the Fed… Read more »