📉 S&P Breakout Looms — But Which Way?
The S&P 500 is sitting at a key decision point. Prices have been consolidating, and we’re seeing signs that a big move could be coming — but the direction remains unclear.
🔁 A Shift in Market Signals
For the first time since April 18th, more weekly negative reversal signals are showing up than positive ones. That’s not a great sign.
Even more telling: the overall number of weekly reversal signals — both positive and negative — is way down. This often means that market momentum is fading, and when that happens, it can lead to sharp directional moves.
📊 Daily signals also turned more negative overnight:
131 bearish signals
87 bullish signals
This kind of crossover is something we always watch closely.
