The market took a hit last week and Grant Hawkridge's latest Bull Market Checklist now reflects that shift.
After Monday's 2.69% drop in the S&P 500, we lost two key indicators: the S&P 500 price level and the momentum regime. The result? Our checklist has dropped to 25%, signaling a neutral market with a bearish lean.
If the bulls can't regain control soon, we may see the S&P 500 retest prior cycle highs from 2021 — potentially extending the drawdown to around -20%.
But there's hope… Friday's rally showed signs of life from the bulls. Now, we're watching for follow-through this week.
See our analyst Grant Hawkridge's full report for detailed insights on:
- The latest S&P 500 price levels and momentum trends.
- Why breadth thrusts and risk indicators are pointing to potential challenges ahead.
- How global markets are holding up despite U.S. weakness.
Click here to read the full report.
Will the bulls step up this week, or will the bears tighten their grip? Stay informed and prepared.
