lowtrade

[lowtrade]

Throwing up a caution on the market. S&P chart has a positive ascending triangle, calling for a new high to 2160 over the next several months.

But at the same time TA is negative and lately there has been large daily price fluxes and most have been down days. Also the smaller gain up days have rebounded from lows during the day.

All this is telling me traders are negative and investors positive. Traders normally win and if the ascending triangle doesn't break 2118 soon , it may be time for the sidelines.

Hope for break, but my small caps have been flat after entry on chart patterns. And that isn't good. The market needs something from the real world to change traders sentiments IMO. While the phycology is up, sentiment is stalled with slightly negative down pressure.

IMO keep your finger on the sell trigger for this week.