Weekly S&P500 ChartStorm - 28 July 2024
This week: tech technicals, the main downside risk, expectations shock, earnings pulse, sentiment snippets, flows, bullishness, great rotations, market cap divisions...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
Tech troubles continued last week.
The big risk for big tech is an unwind of extremes in valuations.
Big tech has a big week ahead this earnings reporting season.
More companies are missing vs revenue expectations.
Sentiment has so far slept through the selloff.
Keep reading with a 7-day free trial
Subscribe to The Weekly ChartStorm to keep reading this post and get 7 days of free access to the full post archives.