High trin today, and high 5 day trin, make a short term long trade a good bet. Am not taking it, but will look to short if we rally for 2 days. Looks like end of feb last year, just before the first big drop, followed by another new high.
Rsi and soon to be rising vix are on sell mode, but usually give signals before the real turning point.
Fed still pumpin, and economy doing better than people think, for now. Watch lowered earnings expectations, turn into a rally is my thoughts, why am not shorting.
IN the end, make up your own mind, but just putting out some thoughts. have been bearish for over a month, and not much downside in that time frame, so not so smart.
