Bad News for Bears
Hey, Ross Givens here! The S&P 500 and Nasdaq are setting up a textbook breakout pattern—one of my favorite setups for explosive short-term gains. Market participation is broadening, with over 50% of stocks now above their 50-day moving averages. Meanwhile, retail sentiment is hitting a one-year high in bearishness, echoing late October 2023. What do these signals tell us about the market’s next move? I break it all down in today’s Insight.