ajtj99's Market Pulse

[Justa Werkenstiff]

Market: Short term sentiment was more bullish than bearish yesterday as I noted. Now it has switched and is more bearish than bullish. In fact, it did an about-face. But not yet frothy or extreme. Naz and Ndx got close to price sell signals intraday but backed off. Dow and Spx only half way there. Now on the Naz and Ndx, the sentiment short term is aligned with the price signals which is normal. Still no classic signs of a top but I think a short near QQQ $38 is compelling.