Meltup Channel Broken – Intermediate Term Cycle Signals Turn Conditionally Bearish
Friday’s selloff ended the SPX meltup channel and triggered sell signals across timeframes from 4-week through 6-month. This week is the decision point: further downside would invalidate longer-cycle upside projections and raise crash potential; a stabilization would at least delay the next decline. A weak rebound would suggest a deeper decline ahead. Here are the signs that would suggest that criticality is imminent.