BULLISH Probability - Intermediate trend bullish, Unsustainable downtrend, may turn sideways. Probability - Extreme Oversold, odds definitely favor long trades. Probability - Short term extreme pullback, expect pullback to pause/stop. Probability - Mild bullish 3 day chart pattern. Probability - Strong Down trend (1 month), not sustainable, occurs only 15% of the time, expect trend to turn sideways or higher. Confirmation - at support
BEARISH None SUMMARY 5 bullish probability indicators. 10, 1 bullish confirmation indicators. Very Strong Outperform, short term (1-6 wks) No bearish indicators. 100%, Bullish 0%, Bearish
Another major distribution day on the NASDAQ, but volume was not big enough to suggest a bottom yet (although I might still redeploy if any of these rally attempts produce any follow-through).