Intermediate Outlook Remains Positive

While it did not feel like it on Friday, the S&P 500 finished with weekly a gain of 0.43%. The video below highlights some candlestick patterns in SPY (stocks) and TLT (bonds) that hint at additional short-term weakness in risk assets. The longer-term outlook remains favorable due to significant differences between recent summer swoons and the present day. The latter portion of the video reviews the S&P 500 and Treasury bonds using DeMark indicators, which are proprietary tools from Market Studies, LLC.

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Video: Europe & Stock Market Outlook