We’re focusing on the S&P 500 this week because quite frankly, this is the only chart that matters.
The Big 3 indicator is printing red on the weekly and daily charts, representing a bearish signal. Although the market rallied all day on Friday, the hourly chart prints a grey bar, representing a neutral signal.
The market hasn’t flipped quite bullish yet, and it is rallying into heavy levels of resistance.
In the video above, we’ll review the weekly, daily, and hourly charts of SPX and where we plan to play the market higher (or lower).
Stay Focused!
