Weekly S&P500 ChartStorm - 11 August 2024
This week: checking in on technicals + the where-to from here, volatility signals, sentiment, positioning and allocations, cash, water, and the boogeyman inventory...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
Stocks rebounded from a key support level.
Overhead resistance now looms.
Sentiment has reset some, but positioning remains all-in.
Real rates highlight real opportunity cost and risk.
The “boogeyman inventory” helps frame probabilities (and upside).
Overall, th…
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