SP-500 (Weekly) Update

Bear Hat (For The Moment)

• Large Bear Fork In Play
• Close Below 1080 Would Start To Be Bearish
• Close Above 1105 Would BE VERY BULLISH
• Watch European Bond Spreads, They Are At The Highs of May

SP-500 (Weekly) With LARGE Bear Fork In Play, Will It Hold?

• If Down Fork Breaks, Next Stop Would be Near 1150
• Jobs News Was Not As Bad As Expected But Is Still Getting Worse (See Chart Below)

*Chart is from Calculated Risk