About this blog:

CURRENT MARKET TREND: Down on 1/24/2020

Wednesday, January 8, 2020

All Indicators Still on Buy: Ominous Charts Approaching

While indicators are still on BUY, there are some ominous charts appearing:

Negative divergences in SPX:VIX

Rydex Bull Funds/Bear Funds
at heights seen on last two peaks:

20 Day Equity Put/Call Ratio depressed:

BPSPX Currently with Negative RSI Divergence:

It is time to be prudent and watch for indications of a market top. Once I believe a top is at hand, and I do think we are close, the indicators on the site will change to sell. I expect the market to bottom sometime in April and end 2020 at 3488-3617.


Post a Comment