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Mid-Week Update: Foundation Crumbling
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Mid-Week Update: Foundation Crumbling

Key Signals IN MOTION — **watching closely**

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Macro Charts
Aug 29, 2024
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Mid-Week Update: Foundation Crumbling
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In the weekend Global Markets Review, I wrote:

  • Stocks remain in an uptrend — but watch the foundation:

    • Key areas have my attention for a potential failure and roll down.

    • This may be an optimal moment to begin scanning for Shorts / Hedges.

    • Macro could be leading the turn AGAIN — watch closely.


Fast-forward to today — and the charts look concerning.

Key areas are developing potential failure patterns (IN MOTION — watching closely).

It’s important that we revisit the key charts from the weekend:

These charts were “as published” — and what they look like now:

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