Info!! Indicator Update For May 19Th

Last week's indicator review constitute that buyers continued to gibe the upper mitt inwards the market, alongside signs of bullish persuasion in addition to sector behavior. Since that time, nosotros did run across selling into the terminate of this past times week, taking most of the S&P 500 sectors into neutral trending territory. While novel 20-day lows exceeded novel highs on Midweek in addition to Thursday--the outset fourth dimension that has occurred since the March rally began--that province of affairs changed past times Friday, equally novel lows inwards the large cap indexes were non widely confirmed. With Monday's impressive rally, nosotros straight off stand upward inwards a broad trading hit defined past times concluding week's cost lows in addition to the bull deed highs.

We are tracing a designing of lower highs inwards the Cumulative Demand/Supply Index (top chart); 1 time those peaks are no longer accompanied past times fresh cost highs, nosotros volition bring a potential intermediate-term sell signal. Similarly, whatever tests of the bull highs that neglect to expand the pose out of stocks making fresh 65-day highs (middle chart) and/or neglect to brand novel highs inwards the advance-decline delineate of piece of occupation posted past times Decision Point (bottom chart) volition atomic number 82 me to await continued hit trading, rather than a resumption of the bull. Conversely, should nosotros run across expanded participation inwards a novel leg up, that would move a powerful sign of an ongoing bull market.

I am expecting concluding week's lows to gibe this week, equally merchandise volition probable croak quieter heading into the vacation weekend. Should nosotros interruption those lows across the major indexes, that would move a clear indication of fresh downside participation in addition to would virtually for certain plow the indicators bearish on an intermediate-term basis.

I volition move updating the indicators each morn prior to the marketplace opened upward via Twitter (follow here) in addition to volition move posting intraday marketplace updates to the spider web log equally fourth dimension permits.
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