Good morning,
The last few MMPs (and last week’s Overtime) have been heavy on the macro environment and signs of a bottom in equities.
Following a short (relatively quiet) week, there is little new to report on that front.
So, today we’re taking a tactical focus to the market. Less on the macro, lots more charts of indexes and ETFs, highlighting where is support, (more importantly) where is resistance, what’s leading, what’s lagging, and more.
Here are 5 charts that stand out to me the most:
Crude oil is back to broken support. This should act as resistance.
The VIX curve is almost un-inverted. Historically, this has been an equity buy signal.
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