TRADING DP

[TREND1]

1/26 Ultra-Short-Term Indicators: No climactic readings today, but I do believe the initiation to higher prices is not done just yet. There could be concern in the VIX topping, but the channel is very thin and sideways price action has managed to easily unwind the VIX.



Conclusion: The market took a pause today. Short-term indicators remain very bullish, so I would expect higher prices. Intermediate-term indicators still hold some bearishness, but at this point, overbought indicator readings have been alleviated with sideways price action so a major correction isn't likely right now given the strong bull market wind.