A Wake Up Call for Bulls
Hey trader, Stocks staged a nice comeback going into the weekend. By Friday’s close, the S&P futures hit their highest weekly level in history. That’s breakout mode, technically speaking. Don’t be surprised if new all-time highs start printing in the S&P soon. Here’s why that matters for your week ahead… New highs are only half the story. The other half is who shows up to lead the charge, and last week’s internals are flashing a warning that bulls need to see. The Nasdaq grabbed the biggest bid out of the large cap indices last week. That’s a good sign on the surface. But the real test comes from leadership. Based on what we saw internally last week, bulls still have work to do before I’m ready to call this clean. I’ve watched this movie before. Breakouts without the right sectors leading tend to fail fast, and I’ll show you exactly