A net bearish day… but there was no real downside power. A fair number of the daily charts are cyclically very low, and prone to a week or two of upside.
Broadly stuck…. s/t bullish >6900. Bearish <6600
The cautious will trade light… or not at all.
A net bearish day… but there was no real downside power. A fair number of the daily charts are cyclically very low, and prone to a week or two of upside.
Broadly stuck…. s/t bullish >6900. Bearish <6600
The cautious will trade light… or not at all.
The SPX has a clear rounded top.
The next down wave will be prone to taking out the 200dma…
The week began with some pretty dynamic reversals in SPX, VIX, and WTIC…
A wide range of stocks… WTIC, and even a look at ten of the world equity markets…
Gold, Silver, and the miners will be s/t vulnerable, if the main market is net lower into the spring…