The Bottom Line

After eight straight weekly gains, the S&P 500 still has price-action support for higher highs, but the next phase depends on whether buyers can sustain the breakout, absorb rotation, and keep shallow pullbacks well-contained.

Eight-Week Streak Deserves Respect

I’m sure you’ve heard that markets climb the wall of worry.

For this market, it has been a long, steady, and historic climb lasting 8 straight weeks and gaining +17.3%. Persistent strength like this has been seen only twice this century and only nine times in total since 1950:

As this study shows, forward performance following these winning streaks was strong:

• Positive 8 out of 9 times, or 88.9%, one month later

• While the average 1-year gain was slightly less, 5 of the 9 times it was larger

• Maximum drawdowns were modest with one exception - the 1987 crash (-20.7%)

The main takeaway is that what we have seen since the March low remains bullish until price action proves otherwise.

By another measure, this also ranks as the 20th strongest rally since 1950:

I share these studies for context, not certainty. The sample sizes are small, and we should always be careful about overfitting market history.

But the message is still useful: rare strength often leads to more strength, as long as price action continues to confirm the setup.

New Bullish Play

After capturing its two targets in the S&P 7,400 target zone during the seventh week of this winning streak, the post-target consolidation lasted only three days ending last Tuesday.

Like so many dips during this rally, the three-day pullback was limited to -2.4% before buyers stepped in.

As I shared in the notes, the short-term price action was easy to read and evaluate.

A new short-term bullish reversal play formed, triggered, and then followed through last week. This new play successfully filled the May 15th gap before pulling back. More importantly, it also laid the foundation for a potential move toward S&P 7,533 and 7,575, or roughly +0.8% to +1.4% higher.

This shows the value of seeing periods of consolidation and minor dips along the way.

As long as the -2% to -3% dips continue to get bought, the path of least resistance is higher as strength continues to beget more strength.

This week, the key short-term test is straightforward: can the S&P 500 sustain a breakout above the May high at 7,517, or does it break below last week’s low at 7,333?

On a measured-move basis, a confirmed breakout would target 7,701, while a confirmed breakdown would target 7,149.

On a short-term basis, more sideways consolidation is always possible after a move like this. If there is a sustained break below last week’s low, I will also be watching to see if the rising 21-EMA provides trailing support above the first Fibonacci retracement:

As long-time subscribers know, I have more confidence that a longer-term target will be captured sooner than later when short term bullish price action plays have also laid the foundation to, or just above, the same level.

Right now, both the short-term and longer-term price-action foundations are pointing in the same direction: higher. The highest potential target is now 7,701, roughly +3% above current levels. If reached, that would also fulfill the final longer-term range-breakout target at 7,688 from the March pullback:

Read more

As we head into Memorial Day weekend, I want to pause and recognize the true meaning of this holiday.

While many of us will enjoy time with family, friends, and a well-earned break, Memorial Day is ultimately about honoring the brave men and women who gave their lives in service to our country. Their sacrifice made possible the freedoms and opportunities we too often take for granted.

Wishing you and your family a meaningful Memorial Day weekend.

C.E. Kirk

In case you missed them, these were some of notes I shared in the past week:

View all the rest, including this weekend’s latest notes, when time permits!

“When you lose curiosity, the market gains advantage. The best traders are skeptical optimists: they believe in opportunity but verify everything.”

- Jon Markman

“You can't hit a target you cannot see, and you cannot see a target you do not have."
- Zig Ziglar

The Price Action

For the S&P 500 (and Nasdaq Comp.), the rally continued for its 7th straight week.

For the others, not so much:

At least for the S&P 500, the index we focus so much of our time and attention upon, it has proven to be a highly unusual period of persistent strength seldomly seen for most of us during our lifetime:

This price study, like many I have seen, evaluated and shared in my notes, reflects the market’s potential for the uptrend and price action strength to continue.

This is undeniably, an attractive risk/reward setup.

Especially when there is the price action foundation laying the path higher for longer and price action plays consistently play out successfully.

Two Target Captures

In the past week alone, the S&P 500 captured its next two out of three target objectives.

The first was the this year’s Fibonacci extension target at 7425 last Monday:

The second target was the long-term range breakout target at 7459 formed by last year’s -19% correction, then v-shaped recovery and sustained breakout that has been in our crosshairs since last June:

Third Target In Play

This leaves this year’s range breakout play targeting 7688 in focus.

This target (as shown in the chart above) was constructed by the size of the trading range formed by the -9% pullback in March and then extremely fast, three week v-shaped reversal and breakout above S&P 7002. This provides a measured move target which is +3.78% above last week’s close (5/15/26).

A target which is likely to be captured in the continued absence of strong and sustained price action deterioration showing increased vulnerability at these higher highs.

Before rallying up above 7500 for the first time ever last Thursday, the only minor dip we saw was on briefly on Tuesday morning which was bought very quickly and aggressively:

To be fair, options expiration Friday played out differently.

Stocks gapped down at the open, attempted to rally, but failed to bounce back. Uh-oh!

What has resulted is a potential shooting star formation on the weekly time frame. Even though these shooting stars usually end in a red candle representing a down tick versus a modestly positive one like last week. But, nevertheless still worth keeping an eye on. At least to see if there is any follow through confirmation.

Needless to say, a one day reversal (and its impact on the weekly candlestick), on options expiration Friday, which is well-known for its fake outs, false moves and unreliable price signals, does not indicate it is time to sell and run for cover.

Let’s take it one day, one week at a time, and avoid overthinking it.

What About Bad Breadth?

Additionally, there has been, and continues to be, a tremendous amount of worry the major market-cap indexes do not reflect the entire market and that, upon closer inspection there is more underlying weakness than this persistent rally indicates.

This is why many active investors keep close watch on breadth showing how many stocks are participating in the move. The more strength the better. There is plentiful research backing that view. Additional, there are studies if you want to find them, which surround many of the positive price action studies into question.

For example, the following study I shared last week in my notes:

Yet, all conditions like this require price action to confirm them for them to become actionable. Even in the study above, the worst performing periods which follow saw price begin to confirm the vulnerability before largest declines followed.

Other times, not so much. And, that’s the point!

If these bad breadth warnings are accurate, we will start seeing price action showing it through bull trap reversals lower lows, lower highs, and trendline breaks. Periods in which the selling lasts for more than a few, very brief hours.

None are present at this point.

Only consistently persistent, positive price action instead.

So, bottom line, we will focus on the price action as priority, even if it only reflects fewer and fewer stocks at the index surface due to the market cap construction.

The bullish price action foundation is in place laying the foundation +3.78% higher.

At least until price action proves otherwise.

Probabilities & Positioning

On balance and, in consideration of everything I’ve seen combined with the research I’ve undertaken in the past week, probabilities favor…

Read more

Hi Friends,

I hope this finds you well and enjoying this wonderful weekend so far.

Here at the Kirk headquarters, there has been little rest for the weary as I have been active at my notebook this weekend while preparing the next newsletter.

As a few have requested, these are some of those notes - enjoy!

These were all posted within the past 24 hours…

READ MORE NOTES

“This time, like all times, is a very good one, if we but know what to do with it.” - Ralph Waldo Emerson

SUPPORT MY WORK

Hello my friend,

I’m reaching out today because I’m considering a small addition that could make your Kirk’s Opportunities subscription more useful during the week.

Several friends asked me today where they can find the notebook or notes I often refer to in my weekend newsletters.

That tells me there may still be some confusion around this part of the service.

I’ve also had several subscribers ask if I could send my shorter market notes by email more consistently, rather than only occasionally.

So I’m considering adding a separate daily notes email for subscribers.

The idea would be simple:

• Gather up some of the most interesting, helpful, well-liked notes each day
• Focused on what I’m watching, thinking, and doing
• Then send them to you by email for easier access
• Included as part of your current subscription (you can opt out, too)

This would simply be an added benefit for subscribers who want more frequent market updates during the week.

Please let me know what you think.

Would this be useful to you?

As always, I’m working to make Kirk’s Opportunities more helpful, more actionable, and even more valuable for you.

I have more improvements planned, too. ;)

Since I’m devoting so much time and effort to my notebook, this seems like the most natural place to start.

A few of the many notes you may have missed…

There are many more notes I have posted, too.

Until next time, plan your work and work your plan.

I’m here to help in any way I can!

Always your friend,

C.E. Kirk

“Your potential, the absolute best you’re capable of - that’s the metric to measure yourself against. Your standards are. Winning is not enough. People can get lucky and win. People can be a$$holes and win. Anyone can win. But not everyone is the best possible version of themselves.”

- Ryan Holiday, Ego Is the Enemy

The Bottom Line

The S&P 500 did what we were looking for it to do.

It pushed into the 7,400 target zone, closed near another all-time high, and extended its winning streak to six straight weeks.

That is not just a strong rally.

It is a historic, rare bullish winning streak in both size and speed.

Six weeks ago, the challenge was believing what the price action was starting to show. Many investors were short, sidelined, hedged, or still anchored to the prior weakness.

As usual, the price action changed first.

Then came the follow-through.

The investors who stayed aligned with the price action, played the bear-trap reversal, and added exposure along the way were rewarded quickly. The investors who did not are now trying to catch up, often by taking on more aggressive positioning.

Now the challenge is different.

The believers have profits to protect. That means raising stops where appropriate, respecting support, and watching for deterioration in price action, leadership, and trend structure.

The non-believers have underperformance to repair. That means owning the mistake, forgiving themselves, and building a path to get realigned without chasing emotionally after a historic move.

It also means not fighting the trend without price-action support.

Recently, even the chasers have been rewarded.

Maybe too well.

That is where the next risk begins to form.

A rally that began with many investors offsides can eventually pull those same investors too far in the other direction. Too bullish. Too leveraged. Too concentrated. Too willing to take risk after the market has already delivered a major move.

The largest short-term losses can often follow the largest short-term gains, not because strength is bearish, but because discipline often weakens after success.

The market has earned the right to consolidate. Historical studies following winning streaks like this suggest short-term gains often slow, pause, or give way to rotation.

That does not mean the rally is broken.

It means the market may need time to digest the advance.

Winning streaks do not automatically create major tops. Large upside moves usually become dangerous only when the foundations supporting them begin to break.

That is what matters now:

Price action. Trend. Support levels. Leadership behavior. Earnings. AI leadership. Reactions to good news.

If those foundations remain intact, consolidation should be treated as normal market activity, not the beginning of a major top.

What Happened Last Week

The S&P 500 and Nasdaq were helped by three large gap-higher opens on Tuesday, Wednesday, and Friday. That matters because it shows how aggressively investors were repositioning after stronger earnings, better economic data, and improving confidence in the outlook.

The simple read is this: the uptrend remains intact.

But there’s much more to it than that.

It is a full-court press to reposition after stronger earnings, better economic data, and a better-than-feared outlook.

That matters.

Not because the market is risk-free.

It never is.

But because the price action, the patterns, and the overall trend remain constructive, and the conviction behind this strength has been renewed.

The 7,400 Target Zone Has Arrived

The S&P 500 has now reached the 7,400 target zone.

It briefly touched that area Friday afternoon before ending the week near 7,398.

This target area has been on our radar since June 2025, when the long-term range breakout first put the 7,459 target into play. The following is the chart I shared previously:

Now, we are there.

After the first-quarter volatility, the S&P 500 is in trend-extension mode.

The current bullish price-action foundation has put three targets in play: 7,425, 7,459, and 7,688, which are +0.37%, +0.83%, and +3.93% from the last week’s close.

All three targets are within reach given the strong and sustained upside follow-through over the past three weeks. I currently assign a high probability that all three targets are eventually captured.

The only real question is when the market gets there and what path it takes.

As for support, the recent highs, lows, and three lower gaps from this month are all areas of interest. A throwback retest of the 7,002 to 7,202 area would likely be defended if tested.

The 21-day EMA is currently near 7,133 and should climb closer to 7,200 by Friday.

Potential Paths

A controlled pause around the 7,400 level would allow the market to digest gains, reset sentiment, rotate leadership, and create better entries.

That would be healthier than another vertical move that pulls too many investors into risk at the wrong time.

The point is not that upside is bad.

The point is that the quality of the upside matters.

A steady advance with rotation is healthier than a vertical move driven by urgency, FOMO, and leverage.

Without some consolidation and rotation along the way, the risk of a blow-off style advance increases. That would not necessarily be a problem immediately, but it could lead to a longer and more frustrating consolidation later.

That is not the base case yet.

It is simply a scenario worth respecting.

Under more normal market conditions, probabilities would mostly favor consolidation near the three targets in the 7,400 target zone.

But these are not normal market conditions.

They are extreme.

With so few comparable historical examples, the message is to remain open to multiple outcomes.

Put simply, this market has gone a little gonzo.

By that, I mean wild, extreme, and willing to stretch normal expectations.

Unless something new and unexpected alters the setup, price could move through these targets and get even more extended.

What Generates Sell Signals?

Price-action deterioration generates sell signals.

You know the drill by now.

Sell signals come from bull-trap reversals, failed support tests, lower highs, lower lows, and sustained downside follow-through.

We have none of those currently.

Yes, the market is extremely overbought.

Yes, it looks overcooked, especially in leadership areas like semiconductors and memory stocks.

But strength alone is not a reason to sell or short.

Strength is a reason to stay aligned with the trend until price action changes.

As I often say, “Make hay while the sun is shining.”

The sun is not only out. It is running at full strength right now.

This is a time to stay right if positioned right.

If you want to short, be patient until price action shows real deterioration.

If you are not positioned well, the job is not to chase emotionally. It is to look for opportunities to correct that mistake when price action offers a better entry.

Our Job Now Changes

Now that we have entered the S&P 500 7,400 target zone, the job changes.

We are no longer asking whether the market can get there.

It already did.

Now we are asking what the market does after arriving.

The questions are straightforward:

1. Do we see consolidation now or later?

2. Do any of last week’s three large unfilled gaps get targeted?

3. Does strength broaden beyond the AI-driven leadership groups?

My current view:

1. Consolidation is likely from the S&P 500 7,400 target zone.

2. Last week’s lower unfilled gaps are logical targets if selling begins.

3. A broadening rotation would be healthy and would help reduce blow-off risk.

That said, the mistake would be treating 7,400 like a hard ceiling.

The other mistake would be ignoring how far and fast price has already traveled.

The better approach is to let the market show us what this area becomes.

If the market does not pause, the 7,688 target remains in the crosshairs.

That is not prediction.

That is process.

For subscribers, the next question is how to manage this target zone, what would actually trigger sell signals, and which bull, base, and bear paths matter most from here.

Read more

The price action does.

The risks are real. The rally is extended. A short-term breather would not be surprising.

But as long as the S&P 500 remains above 7,002, the breakout remains intact and the 7,400-plus target zone remains in reach.

The Bottom Line

We widely expected this year to bring more volatility and larger price swings than last year.

So far, that expectation has been met.

After three months of tight consolidation, a five-week correction has now been followed by a five-week rally. The Nasdaq, S&P 500, and Russell 2000 have broken out to new all-time highs. The Dow is not far behind.

More importantly, bullish price action remains in motion.

The S&P 500 now has three upside targets in or above the 7,400 zone. As long as price remains above 7,002, those targets remain in play.

Strength begets more strength most of the time.

Volatility can work the same way.

When price starts swinging this fast and this far, volatility often persists. That means the upside targets remain reachable, but investors should also expect bigger swings along the way.

The message is simple: Price action comes first. The 7,400-plus target zone remains in reach. A breather would be normal. Below 7,002, the message changes. Until then, price gets the final vote.

What Happened This Week

The market had several opportunities to break lower.

It did not.

It had to absorb:

• Major mega-cap earnings
• The Fed decision
• GDP data
• Inflation pressure
• Elevated oil prices
• Iran and Strait of Hormuz uncertainty
• Questions around AI capital spending
• A powerful rally that has already left many stocks extended

Yet the indexes still closed higher.

That does not make the risks around inflation, oil prices, or capital spending irrelevant.

It means price is currently absorbing those risks.

As usual, following headlines, opinions, gut instincts, and narratives is not nearly as useful as focusing on price action first.

Price action is the priority. Always.

The Price Action

So far, any consolidation has remained limited in size and duration.

Once the known catalysts were digested, including the Fed meeting and four Magnificent Seven earnings reports, big buyers returned. That produced follow-through strength on Thursday and during the first hour of Friday’s trading after Apple reported the night before.

New highs remain bullish until proven otherwise.

The longer price holds above the January high near 7,002, the better.

To prove otherwise, price would likely need to re-enter the prior 7,050 to 7,150 range, then break and hold below 7,002.

That would represent roughly a 3% decline from last week’s close.

One of the only negatives, and it is a minor one for now, is that Friday’s opening strength was sold, resulting in an intraday reversal. That formed a potentially negative reversal pattern, but it requires confirmation this week.

That distinction matters.

One reversal candle does not end an uptrend.

Confirmation does.

As reviewed previously, as long as price remains above 7,002, three upside targets remain in play:

• 7,425 Fibonacci extension, +2.7% higher
• 7,459 prior range breakout target, +3.2% higher
• 7,688 current range breakout target, +6.3% higher

The 7,400-plus target zone remains in reach.

Read more

The Bottom Line

The S&P 500, NASDAQ 100 & Composite, and Russell 2000 closed at new all-time highs last week following a three-week bull stampede into stocks. The focus now shifts to whether this breakout continues, and how far it can run.

This was not a typical rally. It was a one-sided surge driven by positioning.

What Happened

The S&P 500 surged to a new all-time high last week after being down -9.8% just 11 trading days earlier. This is one of the fastest recoveries of that magnitude in history and one of the rarest V-shaped reversals in modern market history.

The rally was driven by a sharp repricing of geopolitical risk as signs of rapid de-escalation in the Iran war emerged. Oil prices fell sharply, easing inflation concerns and removing a range of worst-case outcomes.

At the same time, earnings from financials and select technology companies confirmed that the economy remains strong and that the AI-driven growth cycle is still intact.

Positioning drove the move. These reversals do not happen unless a large portion of the market is caught offside. Short, sidelined, and hedged participants were forced to reposition aggressively.

The result was a lockout rally with no dips and no resistance at prior highs.

It is always easier to explain what has already happened than to predict what comes next. That said, we can map the highest probability paths forward.

This move was driven by positioning, not conviction.

The Price Action

Every single session last week closed higher than it opened. There was no attempt to fill the two large gap-ups from Tuesday and Friday.

This was pure, one-sided momentum

So far this year, two trap reversals have defined the tape.

First, the bull trap constructed in January and February and then put into motion in early March, easily capturing its target at S&P 6548 and more.

Then, the bear trap formed by the bounce that began on March 30th, which was put into motion in early April. That resolved higher into early April, quickly capturing targets at S&P 6902 and 6986, and then pushing to new all-time highs.

And by more, I mean new all-time highs!

Correctly identifying and positioning around these reversals has been the difference-maker this year.

Now the focus shifts to whether this breakout sees sustained follow-through.

Most will read what happened.
Few will position for what comes next.

This is where the real decisions begin. If you want the levels, probabilities, and plan, it’s below.

Read more

The Bottom Line

Following a five-week losing streak, the market has now posted two positive weeks.

Bear trap reversals are in motion, laying the foundation for continued strength with numerous trailing support levels underneath in the multi-month trading range.

With buyers taking back control these past two weeks, much will depend in the short term on the reaction to earnings and any further fallout from the Iran war. It is quite possible this back-and-forth volatility will persist longer.

The Price Action

Ahead of Easter, the bear trap was set.

After Easter, the bulls took advantage of it.

For seven straight positive days, including four last week, price climbed +8% from its March 31st intraday low. By last Friday’s close, the S&P 500 was only +2.7% below its prior January high.

An intraday turnaround last Tuesday followed by a large gap-higher open on Wednesday was the one-two punch markets needed for the bounce back to continue.

The bear trap reversal (inverse head and shoulders play) saw strong and sustained upside follow through. The longer price holds strong this week, the more likely it is that at least one, if not both, targets will be reached.

The weekly view below shows price has climbed well into its multi-month trading range, effectively trapping the double-top reversal within the range. Previously, the area between S&P 6800 and 7002 proved to be formidable overhead resistance:

It is quite possible that the volatility we’ve seen over the past two months, first down and then right back up, could beget even more volatility ahead.

While everyone seems to think/expect that we’ve seen another event like last year that the market will quickly put behind it and move on to new highs, this one may not play out the same way. There is a lot of recency bias type thinking out there, so we very much have to be prepared for anything and make minor adjustments along the way instead of taking on aggressive, one-directional positioning like before.

If there is an attempt to target and fill last week’s big unfilled gap (which seems at least possible), I will be watching to see if price finds trailing support at the major moving averages (especially the 200 day). It is quite an achievement to see price rally above all of these levels last week. It would be an even greater achievement to hold above them on any throwback retests.

I will also be keeping an eye on the AVWAPs for potential trailing support levels. With overbought conditions back in effect, we want to see prices continue to remain overbought for even longer as a sign that price action is improving, not just a severe oversold bounce and nothing more.

After this lengthy period of consolidation combined with the five-week nearly -10% drawdown from the fury, markets will be hoping that was enough to stage another “shake out, then breakout” move we’ve seen so often before.

That seems overly optimistic all things considered, but we are keeping an open mind.

Performance Matrix

Given the significant strength seen since the last day of the first quarter, we should take note of the early improvement trends so far in April and the second quarter.

While weakness in energy-related stocks and commodities will come as no surprise due to the reduced war-premium, a few additional themes include:

• Stocks viewed as benefiting from the AI revolution significantly outperformed (chips, memory, computing, hardware, telecom, robotics, industrial automation, nanotechnology, rare earths)

• Stocks viewed as losers from the AI revolution were significantly weaker (software and cybersecurity)

• Stocks related to the space industry outperformed (satellites, infrastructure, data analytics, logistics and launch services, etc.)

Best Performers: Semiconductors (SMH), South Korea (EWH), S&P 500 Momentum (SPMO), S&P 500 Pure Growth (RPG), Spin-Offs (CSD), Turkey (TUR), Quantum Computing (QTM), Netherlands (EWN), Taiwan (EWT), and Gold Miners (GDX)

Worst Performers: Sugar (CANE), Natural Gas (UNG), Wheat (WEAT), Oil & Gas Exploration (XOP), Energy (XLE), Energy Equal Weight (RSPG), Gasoline (UGA), Cloud Computing (SKYY), Software (XSW), and Energy Commodities (DBE).

A few reminders:
• Watch breadth, not just index levels
• Monitor leadership consistency, not one-day moves
• Track reaction to news rather than news itself
• Pay attention to how dips are bought or sold

My Take

After threatening to blast Iran back to the stone age during Easter weekend, it was quite a turn of events over just a few days, even for Trump

With the Iran war “already won” and any and all potential negative impacts “only transitory,” the hope on the Street is that the correction has finished and the market has “reset itself” for much better days ahead.

Trump said as much last Thursday morning:

In other words, the old “let’s knock them down, so we can ride them back up” game. After all, those mid-term poll numbers aren’t going to improve all by themselves!

While it wasn’t the “It is a great time to buy!” tweet, perhaps this was enough now that the U.S. Navy is effectively in charge of the Strait of Hormuz toll booth?

My perspective is that as much as we want to believe the Iran war risk has been removed for good, it is still possible it may not play out that way.

Read more

The Bottom Line

The market just set a trap.
The only question now is whether it holds.

Following five straight negative weeks and a near -10% drawdown, last week’s bounce has created a potential bear trap.

If it confirms, the path higher opens quickly.
If it fails, the next leg lower could unfold just as fast.

This is the inflection point.

What happens next will determine positioning, risk exposure, and opportunity for the weeks ahead.

What follows is how I’m thinking about it and how I’m positioning around it.

Read more

The Bottom Line

Price action remains weak, signaling a market under distribution.

The bull trap reversal put into motion this month has now captured its target.

The S&P 500 has now closed below its 200-day moving average and its November low.

A new double-top reversal has triggered, threatening to deepen this pullback into a double-digit correction.

With the most extreme oversold conditions since last year’s correction, the focus shifts to watching for follow-through or a bear trap.

How the Week Played Out

Amid rising concerns over higher energy prices and inflation, stocks remained under pressure last week.

• Nasdaq: -2.1%
• Dow: -2.1%
• S&P 500: -1.9%
• Russell 2000: -1.7%
• Midcaps: -1.3%

Once again, stocks attempted to rally early in the week, only to fail.

Whenever we see strength, it consistently gets sold.

Gap higher opens on Monday and Tuesday were quickly followed by weakness, with gap lower opens dominating the remainder of the week.

The Price Action

The S&P 500 has now pulled back for a fourth-straight week and six of the last seven.

Since the January 28th intraday high at 7002 to last week’s intraday low at 6473, the S&P 500 has pulled back -7.5%.

The bull trap, head-and-shoulders reversal we’ve been tracking this month has successfully captured its target at S&P 6548.

With price below its November low and 200-day moving average, the focus this week is whether this new double-top reversal sees strong, sustained follow-through.

This larger reversal is targeting S&P 6060 which is -6.9% from last week’s close.

With extreme oversold conditions and a multi-month consolidation, probabilities favor…

Read more