Weekly Chart Review

Critical levels have been breached. History would suggest we have 8 more weeks to go before turning "Bullish" again.

I have been trying to give the market the benefit of the doubt for the last couple of weeks but with last week’s price action, that will be hard to do going forward (at least in the short term).

In this week’s newsletter, we will dive into the critical levels that were broken last week on the S&P 500 and NASDAQ and where we may be heading.