Not sure I trust any rally now.
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Author: ChrisC
Tidal Flats
A downward trend plus positive tidal-solunar equals a flat market.
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Weekly Update
The Europeans are pumping up their balance sheet again.
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The ECB balance sheet had a recent pop.
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You can see the ECB balance sheet pop here too, and corresponding euro weakness.
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Deteriorating
Stocks are barely holding on. I think the bears have to wait for later this month before the significant declines are possible.
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Reversal Bar
More specifically, a range bust reversal bar, where the expected range is exceeded by 62% of that range and the close is below the open.
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The net-line at 2333.50 is not very important.
Meh
Breadth was punk today, but I think the bulls hold sway short-term.
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Monthly Update
A look at the monthly charts in this evening's video discussion.
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