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no idea up or down from here. today has chances to be a trend day, either up or down.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Breakout above megaphone overnight pretty much credited to political statement that a Brexit deal could be reached in six weeks. So I am guessing those gains could easily reverse.
The so-called "Hindenburg Omen" is a complex calculation that looks at the McClellan Oscillator, the ratio of stocks hitting new 12-month highs vs. 12-month lows, plus several other things. The market has flashed this warning four times in the past four sessions.
Such a cluster is bearish, but the Hindenburg Omen isn't very precise and doesn't indicate that disaster is about to strike. Rather, it's a negative that we should take into consideration along with other market indicators.
maybe up and up till near close from here. just a guess for fun, let's see.
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