TRADING DP

[TREND1]

12/27 Ultra-Short-Term Indicators: The readings were somewhat elevated, but overall they are reading neutral. The VIX is also in the neutral zone. Note that the penetration of the upper Bollinger Band only resulted in a pause, not a decline.


Intermediate-Term Indicators: The ITBM and ITVM ticked back up which is good news, but the negative crossover and topping PMO suggest this could be an intermediate-term price top. 


Conclusion: The short term is neutral to bullish, yet the intermediate term has a bearish bias. As I noted in the introduction, this suggests to me that we will see more consolidation in the short term likely followed by a breakdown or decline from the congestion area.