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$SPX closed above its 50 week MA. The TSI will close above the 0 line next week like it does

In case you haven't been paying attention to one of the largest companies in the world giving back all of

$SPX – The 40 TD cycle high is due tomorrow. People reminded me yesterday that there's a PPI release tomorrow.

The SPX McClellan oscillator closed at -12. Each time this year it closed below 0 after dropping from the extremely

86.3% of S&P 500 stocks are now above their 50-DMAs, with 9 of 11 sectors above 80% and 4 above

$SPY Chart Update:We got the mother of all trendlines that even a blind person can see up top. But before

A couple more downside levels to watch. We got within 3% of the Feb 2020 peak Thursday morningSept/Oct 2020 lows,

$SPX Bit of a supply void coming up. We might have a quick ride up to the overhead supply &

Mid-caps: 11.1x forward P/ESmall-caps: 10.6x pic.twitter.com/taGnDjyEhl — Mike Zaccardi, CFA, CMT (@MikeZaccardi) October 1, 2022 25yr avg:10yr Treasury rate: 3.41%SPX

The Dow theory bear signal was just triggered today. Both indices took out their previous lows. pic.twitter.com/Xy3cUtn4H3 — Otavio (Tavi)