03/22 US Markets Weekly Update

Lookback

Last week we presented a case with two possible alternatives (below).

SP500, 1hour

https://www.tradingview.com/chart/SPX500/Qe8HE8GT-SP500-alternatives/

Later in the week we issued an alert calling the red scenario, prompted by Nasdaq selloff. That proved to be premature.

This Week

We keep our bearish stance. The red scenario is void and the blue one becomes our base case.

SP500, 4hour