The S&P 500 recently logged a six-day losing streak, which is by far the longest string of consecutive losses since it bottomed in Oct’23.

The recent weakness has created short-term oversold conditions in the stock market and prompted a potential buy signal for one popular indicator.

Despite all of this, only one pattern truly matters right now.

We talk about these points and others in today’s video.

Timecodes:

0:00 - Intro
0:23 - Long losing streaks
2:50 - Long term trends, short-term swings
4:19 - Drawdowns
5:58 - MACD sell signals
6:34 - MACD buy signals
7:45 - Daily price action
9:13 - Live bearish pattern
9:24 - Potential formations
11:06 - SPX 6,100
11:17 - The only pattern that matters

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Are you a professional money manager, trader, financial advisor or private investor who values chart-based trading ideas? Let's connect.

Before founding CappThesis in 2022, I spent:

✔️25 years working on Wall Street
✔️16 years as an equity sales trader
✔️6 years as a technical analyst
✔️2 years as a desk strategist
✔️1 year as a research sales specialist

What clients are saying:
👏 Frank has developed a truly distinctive offering that provides unparalleled value.
👏 Frank’s perspective is amongst the best I have found for an ETF centric investor.
👏 In my over 50 years of investing and listening to advisors, Frank is one of the top ones I have ever experienced.

If you want to:
💥Stay on top of the market’s trends
💥Be informed of key chart patterns
💥Receive timely reports every day
💥Gain insight from our trend-following process

Then let's talk about how we can best help you.

Reach out to me to here:
[email protected]

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