Week In Review: Time To See What A Pullback Brings

We're now at the upside targets, and the next pullback should reveal all we need to know about what the rest of 2026 has in store.

Catch Up On This Week’s Zoom Session

If you couldn’t attend Thursday’s Founders Edition Zoom session, where I analyzed many key moments on charts with actionable takeaways, you can watch the replay here. Included is a summary of the Zoom session in text format. The next Zoom session for Founders Edition subscribers is scheduled for May 21st, 2026.

Alright, Now What?

The indexes and many individual stocks have now hit all-time highs and continue to push higher. Once the S&P 500 SPY 0.00%↑ broke above the typical B-wave bounce target levels a few weeks ago, I said it was becoming more apparent the market was looking to start the next rally sooner than the typical setup would call for. Instead of providing a deeper corrective setup, I concluded, it may have completed the correction on the one selloff known as the month of March.

This cuts both ways, though, and I want to introduce one other scenario I haven’t talked about yet.