10 day ma for the trin is flashing short term sell, but that indicator has acted strange for past several months.
Normally would say sell,sell,sell,but with fed pumping, market expecting a cure for covid soon, and expectations for a stimulus bill from congress soon, market can only go up (right?)
True parabolic rise in qqq, usually ends in big correction, but see above, this time is different. Not sure if the last two sentances are right or wrong, as normally this pattern is for sure a sell, but if fed is pumping massive liquidity into the markets, that could prop up some asset classes, such as bonds, stocks, precious metals, real estate, etc.
The poor get poorer and the rich get richer, so what else is new?
