Query: Does anyone have a chart link to the OEX 10 dma and 21 dma p/c? This P/C reading is bearish at this time as much as the CBOE P/C would be interpreted as bullish.
Sentiment like Mar rally..dreams of new highs..which will be the same..dreams imo..this time the time of rally, adx etc got folks even more convinced about it
Market: Price signals a bit oversold; short term sentiment a bit better than neutral. I am market neutral here. I see room for opex oversold bounce at anytime. However, the top is in for this move imo. The daily has turned. Time to look for a bottom and I think I will up my prior target of QQQ $34.73 to $34.85. I do, however, see some bullish signs on the weekly. There is a Bradley time window coming and I think it will be a low. I think a July earnings rally is to be expected and I think we set the groundwork for that in the coming days.