Weekly MOTR Report (WMR): “Holding steady, but short-term pressure remains.”

This week's highlights

  • Market structure is holding steady beneath the surface. To be sure, its not great, but as we've been saying, its also not bad, all things considered.
  • Shorter-term structure is where the pressure is and until we see stability there, we're open to a test of the 4200 area by the S&P.
  • Looking a bit further out, we remain optimistic that the performance gap between mega caps and everything else will begin to close once this corrective period. . .

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