3/14 Ultra-Short-Term Indicators: No climactic readings, but they are negative now. I don't see enough here to identify an exhaustion or initiation. The VIX is getting near its lower band, but hasn't pierced it yet.
Conclusion: Despite very bullish short-term indicators, price has not really responded. It has held onto the rising trend channel, but barely. The weight of the PMO SELL signal and bearish intermediate-term indicators should keep price flat at a minimum.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.