Stuck in a Krispy Kreme Sandwich

The weekly chart for Krispy Kreme may very well sum up the current state of the market You can see the prior, strong if not steep multi-year bull run, followed by a pullback and recent consolidation. Bulls will argue the chart looks ripe to spring much higher from a coiled base, while bears contend the stock has already topped out and is simply biding time until the next leg down. Moving and holding over the big $21 level above is important to observe for the stock, on a standalone basis, to negate that bearish thesis. But as far as the analogy to the broad market, stay tuned for my Weekend Video Strategy Session, later today.