TRADING DP

[TREND1]

12/2/16


Ultra-Short-Term Indicators: Nothing to report on the ultra-short-term indicators. No climactic movement. The VIX is topping, but not convincingly which I think leaves the door open for a continuation of the decline


Conclusion: Short-term indicators and the PMO are reacting to this throwback toward previous all-time highs as expected with readings in decline. Intermediate-term indicators are technically moving lower, but not significantly. A pullback would prime the pump to bring sideline money of those who missed this rally but don't want to miss the next one. We'll watch intermediate-term indicators closely to determine if a continuation of the decline will deteriorate the bullishness on the weekly price and intermediate-term indicator charts