Sunday, February 1, 2015

Up momentum exhausted

Since the last week's post "Situation unchanged", the market has turned more bearish. The breath indicators remain largely unchanged but the up momentum is now exhausted. This is seen for example in the oscillators shown below:

SP500 is at were in has bounced up now several times. Changes are that there won't be a bounce this time around and the market breaks sharply lower.

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