Good morning - I recorded this video yesterday afternoon - 22 minutes focusing directly on the S&P 500.
As noted in the YouTube summary from StockCharts TV:
“S&P 500 pullbacks keep attracting buyers, even as momentum signals weaken. Join Frank Cappelleri as he explains why dip-buying continues to support the market in spite of rising volatility and mixed technical signals.
Frank examines why recent pullbacks in the S&P 500 continue to attract buyers even as momentum indicators weaken. He reviews the latest failed bearish pattern, the index’s ongoing trading range, and the growing signs of volatility beneath the surface.
Frank also analyzes negative RSI divergence, MACD signals that have yet to fully play out, and weakening breadth as the advance-decline line rolls over.
Despite those cautionary signals, persistent dip-buying and strong closes continue to support the broader trend, leaving the S&P 500 in a market defined by volatility, mixed momentum, and resilient demand.”
Timecodes
00:00 - Welcome
00:26 - Bearish Patterns
02:15 - Bullish Patterns
04:57 - The Next Bullish Pattern
05:53 - Trading Boxes
08:29 - Drawdowns
10:50 - Short-Term Momentum
12:42 - GoNoGo Daily & Weekly
15:09 - 14-Day RSI, Weekly MACD
18:52 - Breadth
20:08 - Dip Buying
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