Last week's indicator review works life signs of weakening readings next a momentum summit inward September. We did clit dorsum inward trading during the yesteryear week, putting virtually sectors inward a rangebound mode. That moved us to a moderately oversold degree inward the Cumulative Demand/Supply Index (top chart), equally stocks making novel 20-day lows equaled those making novel highs (bottom chart). Thus far, nosotros top on to run into the marketplace indicators clit dorsum at successively higher cost lows; that is sustaining the longer-term uptrend. There is nada inward the electrical flow activity thence far to alter that pattern. Should nosotros accomplish the oversold levels inward the Cumulative DSI that convey corresponded to intermediate-term lows inward the recent yesteryear as well as sustain higher cost lows (as good equally higher novel high/low readings), I would hold upwards a buyer for the side yesteryear side bull leg. Violation of those levels would convey me viewing recent consolidation equally a potentially to a greater extent than extended intermission of the bull market.
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