Our TimeCycles Chart sums it all up ver nicely. Expect a bounce into the EOM (end of month).....
The OptionFlow Chart revealed some gems.1) Change of Character for the first time in a year !! ( = Confidence is disappearing)
2) short term bounce or consolidation seems inevitable
3) there are no excesses in the PUTFLOWS yet, meaning we have not seen the bottom
The MOMO pic supports the notio of a bounce or consolidation.
Pls bear in mind that if the bounce fails or is flat/sideways then we could see some real bear action later in the year (Aug/Sept).
The MOMO pic supports the notio of a bounce or consolidation.
Pls bear in mind that if the bounce fails or is flat/sideways then we could see some real bear action later in the year (Aug/Sept).On the other side the Market is so extremely oversold that a explosive bounce (even re-test of the HIGHS) cannot be excluded.
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