Market Outlook: Bullish, but don't let your guard down now.
"Difference between a market master is who strives for understanding and a market novice is who searches for magical systems." The Hedge Fund Edge, by Mark Boucher
The S&P500 5-Day Average chart has started to bend downwards, there are now 44% of S&P500 stocks above the 5-day SMA [1], which means to tighten your stops. Meanwhile the SPY is still bullish above the daily 10-EMA. I'm not going to look to short until we can start seeing a break below the 10-EMA {2].
Video version: https://www.tradingview.com/chart/SPY/FtICvS8a-Market-Outlook-Bulls-are-still-in-control-but-be-defensive/
Posted Jul 29, 2025, 6:17 AM UTC
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