Look at the Signals......the right sectors like consumer, transports and emerging markets and commodities.....are exhausted and also seem to show TimeCycles (see glossary).
It all feels like as if the market wants to roll over, as also shown by BREADTH, VOLUME, SENTIMENT, MOMO & Context as you can see here below.
If the market DOES NOT break over the next week or two and can overcome this GOLDEN5 setup, this would be BULLISH at least for the next months before Mr. Market will try again....
way too bullish! Look at Asia ans EU, all up huge! We may need final climax run?
ReplyDeleteThanks!