The Tricks Index is loaded for a signal, as the index has failed to make new highs for this move while the S&P cash has. A red arrow will be placed on the chart once the S&P has a down day (unless the Tricks Index exceeds its high) – but even then, historically it takes more than one of these signals for the market to reverse course.
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The 5-day advancing volume chart has a similar condition. There’s divergence here that suggests stocks don’t have the strength to push much higher.
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On the other hand, the High Low Logic Index is nowhere near any type of sell signal.
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