Replies to post #19155 on T/A ETF AND INDEX

[northam43]

Golfinvestor - I would love to see it also. However, the only bearish signal I'm getting today is the SPX & QQQQ Daily PPO (3,8,4) making a bearish crossing, above the zero line, that is basically insignificant.

However, on the bullish side the SPX & QQQQ Weekly PPO may get a confirmed bullish crossing, above the zero line. Now that could be significant to the upside.

The SPX Monthly CCI(24) is now at -9. It has pulled back a point. I'm expecting it to be above zero by the end of the month.

So from what I'm seeing, right now this is just a pullback before we go higher.

[capt_jmj]

Concur, but I don't think we'll see it. The Fed hasn't turned off the fiat money spigot yet (GS/JPM earnings were primarily due to cheap (near 0%) Fed "dollars", and too many would-be bulls and MMs have missed the run and still have a ton of Cash to put in. Except for smart guys like Poker, the deception is intact, so any pullbacks will be shallow and brief. NDX is currently ~ 20 pts off yesterday's high. Whoop de do...