an tSionna: While I'm Away-Part I

An update on the S&P 500 taking a look at a longer perspective with weekly charts (You can double click on it to make it larger). Hoping this and the next chart illustrates why I am currently concerned that stocks are vulnerable to a short term correction. I still think that there is a possibility however of higher markets by year end or early in the new year. That's because I think that gap between 110-120 on the SPY still needs to be filled. Again see the chart above. I'll outline my thinking more on this when I get back to writing next week.

*Long ETFs related to the S&P 500 in client accounts.