Strictly from TA alone it is indicating we may head lower. T...
Strictly from TA alone it is indicating we may head lower. There is mild bearish divergence forming near key resistance, which was preceded by hidden bullish divergence, all on the weekly time-frame. This, all near strong resistance, would indicate the bear market is not yet over. On the other hand, from a fundamental standpoint any time that the overall market has been up this much since its low there is typically much more upside for the rest of the year. Any number of fundamental catalysts (like the debt ceiling, war in Ukraine, and other unforeseeable circumstances) could shift us in one direction or another. Trade safe!
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