A couple of weekends ago, I wrote an at-the-end-of-my-rope post called Totally Bullish in which I partly stated, “As I look at these eight charts, there isn’t a single bearish thing about any of them.”. I also added, “I’ll just note that the Russell 2000 one is particularly horrifying, since it looks like it’s finally starting to break above its trendline.”
Although the SPY did find important support on Friday (which I discussed at the start of my Saturday morning video), there are encouraging signs that the “totally bullish” situation is looking much shakier.

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