TRADING DP

[TREND1]

12/19 Ultra-Short-Term Indicators: There are no climactic readings today. The VIX is flirting with the upper Bollinger Band again which could be an attention flag to a possible price top.

Conclusion: Short-term indicators are neutral right now. Intermediate-term indicators are not yet portending doom, but they are beginning to look less and less bullish each day. Price action is moving sideways but also narrowing indicating equilibrium or balance, but mostly indecision. Neither the bulls nor the bears are showing any conviction. Talking heads are saying that inertia will keep prices moving up as it is the path of least resistance. The PMO is decelerating suggesting that momentum isn't there and it will take more than inertia to move prices higher.