Even with the little uptick on Friday, the overall week is down and we continue to be in Stage 4 Downturn. All indicators remain in the negative.
- Stage 4 - Declining Phase
- Close line below the 30 week Moving Average (MA)
- 30 week Moving Average is sloping down
Inflation remains high, inventory of goods remains slow and sluggish, the Russian/Ukrainian war continues, COVID is still an issue, and CNN's Fear and Greed is at Extreme Fear.
