TRADING DP

[TREND1]

3/7 Ultra-Short-Term Indicators: Definitely saw climactic readings on both the CVI and Participation Index - DOWN. We're in the middle of a decline so typically I would read this as a selling exhaustion. However, the other indicators are very bearish, leaving me looking for a bit more downside


.Conclusion: Climactic readings suggest we could see a rally 'pop', but more than likely we are looking at more downside with these readings simply confirming this short-term slide. Given the very bearish short- and intermediate-term indicators, I am now looking for a deeper decline or correction.