📉 S&P Breakout Looms — But Which Way?

The S&P 500 is sitting at a key decision point. Prices have been consolidating, and we’re seeing signs that a big move could be coming — but the direction remains unclear.

🔁 A Shift in Market Signals

For the first time since April 18th, more weekly negative reversal signals are showing up than positive ones. That’s not a great sign.

Even more telling: the overall number of weekly reversal signals — both positive and negative — is way down. This often means that market momentum is fading, and when that happens, it can lead to sharp directional moves.

📊 Daily signals also turned more negative overnight:

• 131 bearish signals

• 87 bullish signals

This kind of crossover is something we always watch closely.