The Fed decision to raise rates by 0.5% sent the major indexes – such as the large cap S&P 500 index – sharply higher in the final hours of the trading day, and continued the three day move that began with the Spring Attempt on Monday, and is now showing as a potential Change of Character over what we've seen from the previous rally attempts over the last month or so...

Tuesday was a heavy day for earning results with 118 before the open and a further 280 after the close (Data from Earnings Whispers)...

The Nasdaq 100 (I'm showing the QQQ etf above) today made yet another attempt to spring after trading down to a lower near term low. I've included multiple timeframe charts above, with the intraday 2 hour chart at the top, which is in a Stage 4 decline on that timeframe currently, and is yet to show a Change of Behaviour (CHoBH), that would potentially move it into Stage 1 on that timeframe. So to validate a spring event, I'd want to see an Automatic Rally event, that broke the Stage 4 downtrend supply line as a first sign of a CHoBH.

This weekends Stage Analysis Members Video features analysis of the Major US Stock Market Indexes and ETFs – S&P 500, Nasdaq Composite, Russell 2000, IBD 50, ARKK, plus the VIX and also a look at the earnings reactions of some of the mega cap stocks that reported over the last week, including GOOGL, AAPL, MSFT, AMZN and more.

The major US indexes (i.e. the S&P 500, NYSE, Nasdaq Composite and Russell 2000 etc) all closed the week at the lows, after Thursdays bounce attempt was convincingly rejected, and with multiple indexes already in Stage 4, the holdouts have now started to breakdown as well – with the S&P 500 and NYSE both making Stage 4 breakdown attempts at the end of the week. So risk is extremely elevated of the Stage 4 decline accelerating.

The purpose of the Relative Strength (RS) tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd...

Custom Percentage of Stocks Above Their 50 Day, 150 Day & 200 Day Moving Averages Combined Market Breadth Charts for the Overall US Market, NYSE and Nasdaq for Market Timing and Strategy.

The stock market managed to bounce from the deeply oversold levels today with the percentage of stocks above their 20 day exponential moving averages in the S&P 500 moving back out the lower zone at 18% to close at 35%. So it almost doubled the amount of stocks in the S&P 500 above their short term moving averages...

Exclusive graphic of the 104 Dow Jones Industry Groups showing the Percentage of Stocks Above 30 week MA in each group visualised as a Bell Curve chart – inspired by the Sector Bell Curve work by Tom Dorsey in his Point & Figure book....

Stage Analysis Members Midweek Video with a FREE preview reviewing the charts of the mega caps earnings reactions and the upcoming earnings in the next few days. Followed by the members only content talking first about the Q2 Weak Spot in the Four Year Presidential Election Cycle, and Major Indexes, short term Market Breadth charts. Plus a look at the Wyckoff Distribution Schematics with some potential examples from current charts showing weak structures and price and volume action. And to finish a few watchlist stocks.