This is a gem from Larry Williams. Human nature says: 'Stick with it. Be optimistic. Never give up.'
ALL of that is 100% wrong (IMO) in the markets. Instead, assume the worst case and plan what you'll do if that unfolds. Completely counterintuitive and the keys to the kingdom.

T-bond futures are trying to be bullish. Another situation I am watching closely. SentimenTrader

ABOVE red line = GOOD
BELOW red line = BAD
Jay’s Trading Maxim #7: Trading doesn’t have to be rocket science. In fact, it doesn’t even have to be sophisticated.
Lesson #515. SentimenTrader

Silver is testing its 50-day moving average. I have no “prediction” (would it matter if I did?), BUT whether it holds or folds we are about to receive an important clue. Paying close attention here. SentimenTrader

The stuff I follow is still bullish, so I am still bullish. I do see valid concerns arising re valuation, breadth, economy, etc. My response:
Jay’s Trading Maxim #37: Recognizing the trend right now is worth far more than a thousand predictions regarding what will happen next.

The market loves the CPI report - so far.
Question: Higher or lower by the end of the day?

Likewise, seasonality suggests that it's a little too soon to entertain the idea of 'picking the bottom.'
SentimenTrader

Wow, what a terrific quote regarding the human condition. Succinct and 100% accurate. And nowhere is this more true than in the financial markets. Welcome to the jungle...

Always an honor to be included in the Weekly ChartStorm.
@Callum

I am NOT 'predicting' an imminent reversal in this relationship. I am, however, taking this as an opportunity to once again invoke and remind:
Jay’s Trading Maxim #40: Remember, no style, sector or index EVER holds a permanent advantage.
SentimenTrader

Trying to 'pick the bottom' in anything is fraught with peril. Lesson #412.

Does weak seasonality mean SPY will decline in the weeks ahead? Nope.
But, should we be surprised if it does? Also nope. SentimenTrader

Jay’s Trading Maxim #7: Investing doesn’t have to be rocket science. In fact, it doesn’t even necessarily have to be sophisticated.

An excellent opportunity to invoke:
Jay’s Trading Maxim #13: There’s always a bull market somewhere. Our job as investors is to find it.

Jay’s Trading Maxim #40: Remember, no style, sector or index EVER holds a permanent advantage.
In the financial markets there's an ebb and flow to EVERYTHING. If you're thinking that that’s no longer true, pay close attention – because things are probably about to change.

Energies have seen a pullback in an uptrend. A classic setup. BUT seasonality strongly suggests looking for better opportunities elsewhere. Decisions, decisions. SentimenTrader

There is no guarantee that 'Phase 4' plays out as drawn at the far right of this chart. That said, given the potential for a significant move, I am watching this one very closely. Unfortunately, some patience is apparently required...

Just for the record, not everyone is surprised. SentimenTrader