Weekly summary

This week the context of an upside breakout for the S&P500 which is driven by strength in small caps sets the tone for an overall bullish short-term outlook.  As we progress later through the business/market cycle, and as monetary policy goes through the normalization process, it's quite likely that we will see more skittishness, and more selloffs and corrections.  So overall, in the absence of any clear and pressing red flags, it all seems short-term bullish, but within the context of confidence that volatility is going to stay high from here. 

https://www.topdowncharts.com/single-post/2018/05/13/Weekly-SP-500-ChartStorm---13-May-2018