1/11 Ultra-Short-Term Indicators: No climactic indicator readings and the VIX is rather stationary above its moving average.
Conclusion: Bearish indicators suggest downside, but as we saw through the summer, a consolidation pattern could also cause these indicators to move further south; a decline is not necessary. However with so many bearish indications out there, it is hard to imagine that a decline or corrective move is not next.
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