S&P 500: Finally, Something Bearish (Technical Analysis)

The red flags have been building for the S&P500 ( SPY ) for weeks, even months. Leaders in Tech ( XLK ) and the Mag 7 have lagged, while Staples ( XLP ) and Energy (Andrew McElroy is Chief Analyst at Matrixtrade, author of the ebook 'Fractal Market Mastery' and producer of the 'Daily Edge.' The 'Daily Edge' is emailed before each US session and outlines actionable ideas, directional bias, and important levels in the S&P500. It also looks at 'What's Hot,' on any particular day, whether it is commodities, sto ...