Weekly MOTR Report (WMR): “What’s Not Happening is Just as Important.”

This Week's Highlights

  • The list of macro concerns weighing on the market grows heavier with each passing week
  • Despite all the mounting reasons to take the market lower, the S&P hasn't even tested supports in the 4200 to 4300 area yet.
  • While we continue to wrestle with 4500-4700 resistance, we're focused on underlying trend structure and sector leadership, both of which remain stable.
  • We continue to interpret this to mean that the market is comfortable with all the issues. . .

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