In this week’s video, we take a step back and look at a wide range of charts to address a very practical question for investors: do the weight of the evidence charts mesh with a “the low is in place” scenario, or do they still leave the “a lower low is coming” door open?
We will walk through multiple markets, ratios, retracement levels, relative strength charts, and anchored VWAP reference points to see what they are saying right now. Rather than making a bold forecast, the goal is to assess the evidence as objectively as possible.
Some of the charts point to improving conditions:
broad market indexes have stabilized, key support areas have held, and several important risk-on trends remain intact. In some cases, the recent decline still looks like a normal correction within a broader uptrend rather than the start of something much worse.
At the same time, not every chart is giving an all-clear signal.
Some areas still show possible resistance, some leadership relationships remain unresolved, and a few charts continue to leave room for another test of the lows. That is why it is important to stay open-minded and let the data guide the next step.
In the video, we cover charts tied to:
the S&P Composite 1500 (SPTM), Nasdaq (QQQ), commodities vs. the S&P 500 (SPY), energy (XLE) vs. tech (XLK), Dow (DIA) vs. Nasdaq, and Mag 7 (MAGS) vs. ex-Mag 7 leadership. The key question throughout is straightforward: when you look across all of these charts together, do they lean toward “low in place,” or do they argue for keeping expectations flexible?
Video Length: 00:27:17
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