US Equity and Economic Review: We're Moving Gradually Lower, Edition

     There was little meaningful economic news for the US this week.  So, in this column, I’ll take a look at the long-term chart of various averages along with other measures of market breadth.  The charts will show that the market continues to weaken, meaning, at best, we’ll see consolidation around current price levels.

     Let’s start with a look at the SPYs weekly chart:

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