It was another losing week in the US equity markets with the S&P 500 closing the week ~2.4% lower: We broke below the 400 level briefly at the beginning of the week but closed the week essentially sitting right on this potential support level. From here I would favor a bounce to test the previous […]

An unusually wide range week in US equities with the SPX trading in a 4050-4300 point (6%) range – but, at the end of the week, we closed down only ~0.25% from last week’s close: Nevertheless, we are still in the downtrend channel that I drew ~1 month ago and still looking to touch the […]

The 420 price level has been a strong and significant support level for SPY (representing US Equity markets) a number of times in the first four months of 2022: However, after an attempted bounce on Thursday, SPY sold off on Friday afternoon to close near the yearly lows and down almost 15% From the January […]

After looking like US equities were going to move higher at the beginning of the week we saw a sharp decline of ~4% over the last 2 days: We have now broken out of the uptrend channel and are back tracking the D3-D downtrend line that I drew 2 weeks ago. The next major potential […]

As I suggested/predicted last week (although I don’t rely on my predictions for my investment accounts) we saw a pullback in the price of US Equities over the past week: Although we have not yet broken out of the uptrend channel as defined by the heavy Aqua (upper) and Red (lower) lines I have drawn […]