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.