Weekly S&P500 ChartStorm - 28 April 2024

This week: sentiment and flows, market health check, earnings tricks and tales, big cycles in small caps, inheritances, hyper-trading, margin debt demise...

Welcome to the latest Weekly S&P500 #ChartStorm!

Learnings and conclusions from this week’s charts:

• Sentiment has undergone a partial reset.

• Technicals remain tenuous (index remains below short-term resistance, macro/intermarket indicators not confirming bounce).

• ex-Mag 7 Earnings are set to outpace Mag 7 later this year.

• Small cap stocks are extreme cheap v…