Taking the analysis further
If you want to go deeper than the weekly charts — including how the levels translate into actual trade planning and risk management — you can follow the work Brian Shannon and I do at Alphatrends.
That’s where we walk through the same market structure in real time and apply the process to actual trade setups.
Learn More at Alphatrends.net
Weakness Continues as Markets Test Key Support
Over the past several weeks we’ve been pointing out cracks developing beneath the surface of the market. Last week those cracks widened as major indices began breaking below important intermediate trend levels.
This week we saw continued downside pressure, with the S&P 500 testing its 200-day moving average, QQQ approaching long-term trend support, and several breadth indicators confirming that participation across the market is deteriorating.
In this week’s video we review:
The S&P 500 testing the 200-day moving average
Continued weakness across major indices
Global markets and macro asset behavior
Sector rotation and defensive positioning
Breadth and participation indicators
Key economic events to watch next week
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