i believe we are at a very important juncture in the market here. i made a video covering the big picture on the S&P 500 but it may take me a while to figure out how to get it loaded onto the site. until then, here’s a static snap-shot of the SPY daily chart with some notes. video might have to wait until tomorrow unless i can figure it out tonight. bottom line is that price action has been very bullish lately and price action always comes first. however, enough red flags exists right now to warrant caution and be on the look-out for a potential reversal.
