S&P 500: Prepare For Change (Technical Analysis)

S&P 500 closed higher last week after four weeks of declines, aided by a rare weekly DeMARK exhaustion signal. Despite the rally, monthly and quarterly charts remain bearish, there is no compelling support at recent lows, and key downside targets remain untested.

Analysis

S&P 500 closed higher last week after four weeks of declines, aided by a rare weekly DeMARK exhaustion signal. Despite the rally, monthly and quarterly charts remain bearish, there is no compelling support at recent lows, and key downside targets remain untested.