Weakened bull and a happy bear! Neither is forceful for now… The apparently stalled S&P 500 Index that was confied to a directionless channel of about 40 points wide for more than two weeks has finally broken below that channel, confirming a weak bull. Model Biases/Outlook: Having broken below the strong support band of 2710-2700 and probing (more…)

The bull standing its ground BUT struggling to push forward  Last week the S&P 500 Index #SP500 #SPX  #SPY #ES closed lower for the week. This marked second week of losses for the index. Nevertheless, the index continues to stay above the key level of 100-DMA since it closed above the indicator on 5/10/2018. Importantly, (more…)