Right now it's giving a sell signal but oddly it is a weak one. I would have expected it to be stronger under these conditions. Given that all the big money institutional analysts are offering ETF services for a higher price, it doesn't take a genius to figure out that massive amounts of money are rolling out of the stock market and into ETFs.
So it appears the market is in a slow death right now (lasting for another year perhaps??). There really isn't any economic activity that would turn that around in my opinion.
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