The SPX was net lower for a third consecutive week, -43pts (0.6%).
The weekly candle is bearish engulfing, with a lower high and lower low.
Weekly momentum is increasingly negative, with zero sign of a cyclical turn. Lower bollinger is threatening the mid 7300s next week, before an equally probable spike back upward.
Seasonally… and with the midterms, recent price action isn’t exactly unexpected. Whilst there are many crash callers out there, most of them are just doing it for click-bait. A few of them believe what they say, but most are just mainstream-wannabe garbage.
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