The schedule is jam-packed with catalysts including earnings, economic reports, and Federal Reserve events. This week, we’re anticipating earnings reports from META, MSFT, GOOGL, and AMZN. The question is, where do we go next? Does the market roll over and fall apart? Does the market rally and get continuation of the big push from mid-March?
There are multiple negative momentum crosses on the Big 3 Histogram from the indexes to technology names to Gold. This means the energy behind the push higher is starting to wear out.
In the video above, we’ll review the structure of names with negative momentum shifts including the Nasdaq (QQQ), S&P 500 (SPX), and semiconductors (SMH).
Stay Focused!
