The first part of this video covers the intraday charts & near-term outlook for the US stock market, highlighting some key technical levels & chart patterns to watch. Next, a brief discussion on the disconnect between the recent flurry of bullish economic data against a back drop of bearish technicals followed by the intermediate & longer-term outlook for the US stock market, making the case that the stock market has been “snakebit”, with an almost certain probability for a correction in the coming months due to technical damage that has already been inflicted (the snakebit analogy is included at the end of this video).
The Stock Market Has Been ‘Snakebit’ (video)
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