The "smart money" indicator is at its most extreme degree of selling since November, 2010.
The technicals break with the news!
This is a headwind we shouldn't ignore.
Crisis was averted. Or was it just put off for another day?
Pretty simple stuff!
These distortions are now being corrected.
In essence, you need to be selling strength.
There are some significant set ups in several key charts.
The "Mixed Signals" from 2 weeks ago, which morphed into last week's clues, must mean something this week as the markets had their worse day in 7 months on Friday.
"the rally is running out of steam, and there is a real possibility of a trend change."
At these levels of bullish sentiment, fewer bulls isn't a contrarian signal but a sign that there are fewer investors willing to push the market higher.
The rally is running out of steam, and there is a real possibility of a trend change.
Folks, I wish I had the answers for you this week.
That's the conundrum investors must face if they want in to this market now.
Negative divergences are popping up on key price charts.