$SPY $SPX Volume model did not flip red in Friday, contrary to my expectation. Still yellow, thus neutral.
We did get Negative "Whaley" thrust on Friday (red cross). It was expected after two 90 % volume down days this week. In most cases it indicates selling is not finished yet.
We did get Negative "Whaley" thrust on Friday (red cross). It was expected after two 90 % volume down days this week. In most cases it indicates selling is not finished yet.
$SPX $SPY $QQQ Main long term model did not flip bearish this week (lower panel). It triggered twice during the week but was negated both times.
We did get bearish put/call signal Blue triangle, red label upper panel.
Portfolio 55 % cash, 45 % invested into next week.
We did get bearish put/call signal Blue triangle, red label upper panel.
Portfolio 55 % cash, 45 % invested into next week.
$SPY $SPX $QQQ to finish this thread on the positive side. My Newlows indicator did not flip bearish yet, it is not even close. May change next week though
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As you can see from chart below it is very bearish signal.
As you can see from chart below it is very bearish signal.