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CURRENT MARKET TREND: Down on 1/24/2020






Thursday, June 26, 2014

Bullish Complacency About to Turn Bearish


The equity put/call ratio is now below the level reached in January of this year. Once this turns up a correction is probably at hand.


The bullish percent index has put in indicator divergence on the new highs. The ADX is also at a level that when it rolls, should issue an equity sell signal.

We are close to the 20-40 pt. range that the SPX ADX signal issued a sell signal marking a top.


RSI negative div on SPX:VIX. RSI below 50 is generally not good for SP-500 (currently 52).

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