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The weekly post and for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead
The weekly plan includes a video which outlines the very big picture risks here for the rest of the year. We still have a critical technical back test below us that may determine the course for the entire year. I remain conservative in any deployments of cash (especially with leverage) until we have more clarity both technically and from a policy perspective.
Friday, we started to see some of the signs that we are getting close to a washout but have not yet seen a climactic low form. This will be the short-term focus, and from there we begin to assess if the low (once found) is producing a bear market rally for ultimate continuation lower, or if we have found the low of year.
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