TRADING DP

[TREND1]

1/25 Ultra-Short-Term Indicators: Yesterday's initiation impulse readings were built upon today with even higher climactic readings. This calls for at least another few days of upside. The VIX could be a problem as it is starting to push against the upper Bollinger Band. I think the climactic CVI and Participation Index override the VIX which could expand its bands if we see some more strong rally days.



Conclusion: Short-term indicators suggest more upside and intermediate-term indicators are attempting to pull out of a long decline. Until intermediate-term indicators look more bullish, I would look for some more short-term rally, likely followed by a pullback if IT indicators remain bearishly configured.