Weekly S&P 500 ChartStorm: Markets Stalling
Callum Thomas | Jun 05, 2022 07:20AM ET
h2
1. Lines in the sand...The S&P 500 appears to be stalling at resistance after a short sharp rebound. Looking at the “correction risk drivers“ I’ve mentioned previously:
- EPOL (geopolitics) also stalling
- LQD (rates/credit) turning down again
- ARKK (tech bust) bouncing along the bottom
Overall fairly unconvincing.