Weekly S&P500 ChartStorm - 30 November 2025

This week: monthly observations, technical check, LatAm stocks and geopolitical risk, more on capex, Mid-Caps and size divisions, volume traders, upside opportunities...

Welcome to the latest Weekly S&P500 #ChartStorm!

Learnings and conclusions from this week’s charts:

• The S&P500 rebounded late-November to close “up” +0.13% on the month.

• It’s now up 7-months in a row (n.b. win streaks often end at 7-months).

• (but) We have seen a couple of “breadth-thrust” signals triggered (bullish).

• LatAm geopolitical risk is not being priced into markets yet (Venezuela).

• US Small & Mid caps look cheap vs history and vs expensive Mega caps.

Overall, so far it’s looking like the November sell-off is acting as a risk-clearing event, with the decline and subsequent surge in breadth hinting at a “stealth correction” and off-side money taking the chance to buy on a long-awaited pullback. Yet there’s a couple of near-term risks worth monitoring…

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1. On the Rebound: We saw a solid rebound last week with the S&P500 coming back from what we can now call a failed breakdown vs the 50dma and vs the 6600 level. Also seeing a significant surge in breadth (more on that in a minute).

With that big bounce we managed a marginally positive close for November, up +0.13% m/m ( and +16.45% YTD).