Three Headwinds Remain Key Market Hurdles 📈 The Chart Report

Crude oil, the U.S Dollar Index, and credit spreads have all been significant headwinds for risk assets.

If they begin to roll over in tandem, it likely sets the stage for a meaningful relief rally in equities.

However, if the Dollar Index and credit spreads break above their recent highs and crude oil is over $100, things are likely to get much worse.

The Takeaway: A synchronized rollover in these three headwinds paves the way for the next rally.

Average bearish sentiment hit 38.1%, its strongest reading since last May.

Access the full analysis from Grant Hawkridge.

We often see bottoms occur when less than 20% of S&P 500 stocks are above both their 20 and 50-day moving averages.

Check out the entire tweet from SmartReversals.

The S&P 500’s behavior around its 20-day MA is critical.

Last March it failed, triggering a stronger second down leg.

Watch the latest market video from Frank Cappelleri.

The Nasdaq is 100 sessions past its all-time high but hasn’t dropped 10%, which has historically been a positive signal.

See the full tweet from Jason Goepfert.

Short interest in the Russell 2000 is at the highest levels since April 2025.

The last time this happened, IWM surged nearly 50% in 6 months.

View the whole post from Sam Gatlin.

Every Magnificent Seven stock is now in double digit drawdowns.

Check out the most recent article from Ben Carlson.

On the hourly chart, Bitcoin appears to be forming a possible inverse head-and-shoulders pattern.

See the full tweet from Rachel Dashiell.

International equities are seeing their largest inflows in over a decade.

View the complete post from Randy Dunham.

Following sharp oil shocks, the 10-year U.S. yield usually reaches its peak around a year later.

See the full tweet from Ayesha Tariq.

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