(For Those That Want To Know… what I’m watching)
Since November of last year I’ve been chronicling via a chart the what-and-where of the “markets” and more. Below is an updated version of that same chart, notated. It pretty much speaks for itself. Meaning: It (the markets) have now signaled there is real possible trouble at hand via a technical perspective aka as “real chart damage.”
Where it goes from here is anyone’s guess, because a guess is all it is. However, that “guess” now employs very calculable odds – and they are not good.
As I iterated, the chart speaks for itself, where I believe the focus for clues should be placed, each has an escalating importance for warning signals. It is represented by the S&P 500™ as of today’s Monday morning opening. To wit:
As always, we shall see.
© 2021 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.