This video highlights the fact that the US equity markets are at or just below major resistance level while recently breaking down from bearish rising wedge patterns on the 60-minute time frame. While some indices, such as the Russell 2000 Small Cap index, are in a confirmed near-term downtrend (i.e.- a series of lower highs & lower lows), the major large caps indices, such as the SPY & QQQ, have recently put in marginal new highs on the 60-minute time frame albeit, with even larger bearish divergences now in place. The video wraps up with a quick overview of the charts of the top components of the Nasdaq 100, with emphasis on the leader of the pack, AAPL (Apple Inc.).
US Equity Market Outlook (video)
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