11/18/16 Ultra-Short-Term Indicators: No climactic readings to analyze today, but I do note that the VIX is not yet "overbought" and has room to rise a bit further. It will rise if optimism rises and that generally requires advances.
Conclusion: I remain bearish in the short term. Indicators are behind it and price is now struggling at resistance. I'm not suggesting there will be a crash or even correction. In order to clear overbought short-term indicators, price needs to at least consolidate. After that, based on intermediate-term indicators and BUY signals dominating the Market/Sector Summary table, I would have to expect a new effort to reach and surpass record highs. Investors who aren't in are chomping at the bit to get in. A small decline will likely suffice and then we could see some serious buying
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