The New CS Board

[ahimsak]

Just the facts Mamm.

21 dma got Vix is rising and the current reading is above that number. Bearish

We got an extreme high reading on the 21dma for the trin for several weeks, and yesterdays almost 3 was a buy signal. Bullish

We are getting an inside day, after pulling back on an outside day yesterday, on a major key reversal. The pattern is bearish.

The 21dma and 50dma for the spx are falling, and price is stuck between the 2 today - Bearish

The 200dma is rising, and the longer term pattern is still higher highs, and higher lows - VEry bullish

The RSI is for sure making solid higher highs and higher lows - very bullish.

Working on the ad numbers, but looks like at first glance that they are bearish for the short term, and are forming some kind of complex bottom



Bottom line: We are forming a complex bottom like last summer, and should bottom by the fall, or even the end of the summer. The powers that be, as usual, will kick the problem down the street, making the final resolution even more horrible, but ensuring them being able to keep their jobs a bit longer. that will help the markets stabilize and rally into the end of the year, but it could be a bit longer till this correction finishs.