Weekly S&P500 ChartStorm - 26 May 2024

This week: technical check, expense management, sentiment snapback, margin debt expansion, ETFs, echoes of the past, crab markets, rising ownership, tech tops...

Welcome to the latest Weekly S&P500 #ChartStorm!

Learnings and conclusions from this week’s charts:

• Short-term breadth is weak, and bearish divergence.

• Margin debt is on the rise again (along with sentiment).

• More companies are talking about expense management.

• Tech stock valuations making new 23-year highs (expensive).

• The count of 401(k) millionaires just m…