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US equities find some life late but the weekly chart and seasonals are ominous

Closing changes for the main US markets:

  • S&P 500 -0.6%
  • Nasdaq composite -0.8%
  • Russell 2000 -1.7%
  • DJIA -0.4%

On the week:

  • &P 500 -4.8% — worst since week ending June 17
  • Nasdaq composite -5.5%
  • Russell 2000 -4.9%
  • DJIA -4.1%

Now for more bad news: There’s an outside bearish reversal on the weekly chart of the S&P 500 (and the Nasdaq as well).

SPX weekly
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