After checking on leading indicators, Index futures and the averages including the leveraged and inverse ETFs, I think we are building the base, but I don't think we are there yet. I think some of today's more positive price only trade has to do with an op-ex pin, otherwise, although I'm very anxious to get in to some positions, I think we still need to be patient, I'm not convinced the low is in yet and the divergences aren't quite there yet although they are making progress.
Charts to follow...
5 years ago
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