TRADING DP

[TREND1]

12/14 Ultra-Short-Term Indicators: The buying exhaustion suggested by the CVI and Participation Index - UP finally happened. Today's readings aren't really climactic but they are continuing the decline in readings which suggests to me that the decline isn't complete.


Conclusion: Short term is bearish, but with IT indicators still looking bullish and recognizing the strength of the current bull market, I would expect to see this decline to find support, either at the bottom of the rising trend channel or at horizontal support around 218.