The IM Portfolio is showing a messy breadth picture for this last leg of the rally.
(1) messy - green McClellan Oscilator with no clear broad participation
(2) a lower low in the green OSC as highlighed by the signal
(3) a fallin purple McClellan Summation Index
Breadth can be messy for some tim but tends resolve into a trend .....
Overall short term bias: BEARISH
No comments:
Post a Comment