The Stage Indicators are beginning to point to weakness in the market with the major indexes about to breach their 30 week moving average line. We are due for a pullback and may see one in the coming weeks.
The FINVIZ.com heatmap from Friday is mostly Red.
Drivers appear to be financially related vs. COVID. China's Evergrande may not be able to pay it's debt, talk of Fed tapering, and debt ceiling debates.
Here is a snapshot of the S&P which appears to be entering into Stage 3.
Hang tight.
