$SPX lines and levels. Resistance $4387 & $4407. For anything real $4407 must recapture. Support now $4366, $4355.

Today was a growth/strongest SCTR ratings day. Value, $XLV kind of ugly and surprising, honestly. Overall, no real damage. Just giving time for moving averages to play catch-up. Have to be objective. Zero key levels were lost today and the past two days has reset overbought lvls.

Value day today (first chart). Complete opposite from yesterday (second chart) with the exception of $XLE.

Let’s see if we get a breadth cross. Certainly improvement this week.

US Bonds are down 7% over the last 4 years, their worst 4-year return in history.

Overall a growth and $XLE day. Another strongest SCRT rating day. Value and specifically $IWM and $KRE ugly.

Lines and levels $SPX 10:10 am.

Ugly end to the week for the market. Overall, still feels as if the market remains in chop fest within a short-term downtrend. This market appears to need events and economic data to squeeze. Take a look at sectors and indices. The recency bias plays tricks; not terrible.

$SPX lines and levels. $SPX $4450 was lost and the market didn’t like that. Support $4417 is a big one!

Will $SPX $4335 be a magnet? Right at $4357 now.

Lines and levels! $SPX Broke the major blue line with a gap through it with no hesitation! When the market can do that overnight, you get out the way and respect it.

Interesting!

Lines and level… $SPX $4287 needs recaptured fast and hold $4274, otherwise there is a gap below. Trending down, but anything can happen overnight. A lot of people saying the 200dma is inevitable. My guess is they make it really hard short term to get there.

Lines and Levels. $SPX $4274 is a big level that we are testing now. $4260 needs to hold. Breadth, as we know, is collectively ugly but $QQQ can hold us up if it wants to! Tricky spot! Could go either way here.

Lines and levels. $SPX 4242 needs recaptured. $4225 brawl.

The trend continues. Nice internal rotations under the hood this week!

The Eurozone has been quite strong the past few days making me interpret our markets as “in consolidation”mode for now. Trend remains up.

What a launch it was! Jeff Liu Navin Goyal MD Nishad Parmar Jonathan M. Gurney Ryan Retcher

Market remains strong, but we continue to watch $SPX $4774. Bulls ideally regain this level early next week.

With the Fed's pivot, there is a strong likelihood that the market will end with a positive 2024. The probability of this outcome is further heightened with the approaching presidential election. For details, please read our blog access-wealth-group.webflow.io/blog/q4-2023-m…