Exhaustion Watch

• We face an Oversold ( bull & long funds) market (see Score)
• Bounce could run a couple of days (see FibTime )
• Medium term trends have been established (look at the Monthly Pivots that usually only come a couple of times a year : M_Pivots (under the assumption that we do not see new monthly HIGHS))
• Medium Term trend is still early days (see some of Monthly DeMark TDSQ -M_TDSQ- have still not flipped and show still extreme readings of 10-15 months)

Bottom line:

We expect a bounce that should not turn the medium term trend indicators. If it does then expect a stronger bull that will try to retest the highs or more....