May 6, 2015 May 6, 2015 By charlie In , , ,

Uh Oh

Despite hitting all-time-highs in April, the major US indexes are looking weak.

20150506$BPSPX$VIX

A pattern of lower highs and lower lows is beginning to appear, fewer stocks are on the rise, and volatility is ticking up.

The S&P 500 continues to find support, but note the lateral consolidation and relatively low volume.

20150506$SPY

Though we remain in an uptrend, this bull market feels tired.

Look out below…