Leveraged Bear funds ('SDS' ,'TWM','DXD','FXP','EEV','QID') have been worn out with now only trading $1bn a day. The bottom is shaping up but not in, let alone confirmed. We need Reversals (Crossovers) in Price & MoneyFlow MOMO for that.
The leveraged Bulls ('SSO','FXI' ,'DDM','QLD') are enjoying the sun with an avg. trading Volume of 13+bn.The Picture looks that same. We are close but not there yet.
Also look at the timeframe (Orange fat bars) a top needs to consume in order to exhaust itsself. That all could mean we need another 2-4 weeks.
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