The indices ended the week with a sharp sell-off, potentially marking the beginning of a broader pullback phase. Both the S&P 500 and Nasdaq spent most of the week consolidating sideways before attempting to rally midweek. However, Friday’s selling pressure completely erased those gains and shifted short-term momentum lower. Despite the late-week weakness, both indices

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Following a brief early-week consolidation, the S&P 500 showed signs of renewed momentum on Thursday. Price spent the first part of the week trading tightly around the 10-day moving average before breaking higher. Friday saw the index hold above this level, though the close was slightly less convincing compared to Thursday’s strength. The Nasdaq (QQQ)

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The S&P 500 showed continued momentum into the end of the week after spending the early part consolidating sideways. The pullback was shallow, barely testing the 10-day moving average — a strong indication of underlying demand. Friday’s strong close near highs further reinforces the presence of aggressive buyers. The Nasdaq (QQQ) outperformed relative to other

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Bulls remained firmly in control this week, with all major indices pushing to new all-time highs. Price action has been consistently strong, with the S&P 500, Nasdaq (QQQ), and Russell 2000 (IWM) all trending higher since the follow-through day. Most sessions closed near the highs, indicating sustained buying pressure throughout the week. Friday showed the

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The indices posted a significant follow-through week following news of a potential ceasefire in the Iran conflict. The S&P 500 reclaimed all major moving averages, with a strong follow-through move on Wednesday that was largely held into the end of the week. Price is now somewhat extended from the 10 and 21-day moving averages and

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S&P500 saw a convincing rebound on Tuesday with a strong close on hopes of an end to the Iran war, breaking 5 straight weeks of losses. Wednesday saw some follow through, and Thursday saw a gap down reversal, a solid sign of buyer interest. Price still sits shy of the 200 day moving average, however

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The indices were unable to reclaim the 200-day moving average, with the broader downtrend continuing to gain momentum. The S&P 500 saw a modest bounce attempt on Monday following headlines around potential negotiations between Iran and the U.S., but the move lacked conviction and failed to reclaim any key moving averages. Price was quickly sold

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The sell-off continued to gain momentum this week as the S&P 500 broke below the 200-day moving average. Similar to last week, we saw an early attempt to bounce from the 200-day, but the move was shallow and short-lived. The remainder of the week trended lower, with Thursday marking the first decisive break of the

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The S&P 500 follows through to the downside as market bounce was not enough to get above key moving averages (MAs). Monday saw a huge bounce to close just shy of prior long term support. As I suspected, prior long term support now seems to be acting as a resistance area as price was unable

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The S&P 500 broke its range to the downside after spending much of the week treading water around long-term support. Monday opened with a gap down driven by Iran war concerns, though the dip was quickly bought and the index finished the day near Friday’s close. Tuesday marked the first test of long-term support, which

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