SP500 – Weekly Analysis

SPX keeps climbing, but the higher it goes, the less comfortable the structure looks. The index is still holding its bullish trend, yet several developing signals suggest that the market may be approaching a point where upside progress becomes increasingly fragile. Momentum is no longer telling the same clean story as price, and a few higher-timeframe details are starting to look more like warnings than noise. In this SPX Weekly, we examine whether the rally still has enough strength to continue—or whether the market is quietly building the conditions for a much sharper reset. CANDLES & TA Proprietary Indicator This week, my proprietary long-term indicator decisively plunged through the 200 MA (green) on September 30 and continued lower on Friday despite the price rally. The picture deteriorated further. As I discussed earlier, from a magnitude perspective, the decline now resembles the early stage of the bear market that began in…