Has this bear market rally come to an end?

Over the last couple of months, many investors have been buying Into the Idea that the Federal Reserve will pivot away from Increasing Interest rates. These hopes have propped up markets but now that the market has retraced nearly half of Its losses this year, what will be the catalysts for continuing the current intermediate-term trend? Has the bear market come to an end or has the bear market rally ended? Here are a few ideas that you may want to consider for the week ahead.

First, If we look strictly at the technical picture In the market we can see that the S&P 500 found resistance this past week at the 200-day moving average and backed away. This price area also coincides with former price resistance In June this year. While volume to the upside has been slowing, volume to the downside has been picking up.

Although the Nasdaq didn't make It to the 200-day moving average, It seems to have also found resistance and Is headed lower on Increasing volume.

Next, If we look at the 10-year treasury yield, It appears to have found a bottom and Is now headed back up toward the 3% mark and back above the 50-day moving average.

The technical picture In Individual stocks Is also breaking down.

AAPL which has been a safe haven in this current rally reversed from former highs last week.

NVDA found broke through Its 21 EMA last week and triggered a short sale entry.

TSLA reversed from a double top formation and broke Its 200-day moving average triggering a short sale entry.

GOOG failed at the top of a large bear-flag formation and proceeded to break the 10 and 21 EMAs

MSFT reversed off of the 200 SMA.

AMZN reversed off the 200 SMA.

JPM plunged through the 10 EMA on heavy volume triggering a short sale entry.

Lastly, META busted the 10-, 21-, and 50-day moving averages.

Given the current market conditions with the general market finding resistance at the 200 SMA and former price congestion, the 10-year treasury yields Increasing, and a breakdown In Individual stocks It seems like a fresh leg down in a continued bear market may be on the horizon or at least leaning that way. Although a break of the 10 EMA for the S&P wouldn't be surprising given the weakness in the market, a retest of the 200 SMA Is also a possibility. While It Is possible that the market continues higher, It seems unlikely given the current backdrop.