Before we bottom, trin will have to hit 2. Often it will happen at the very bottom. Other times, it does it a few days early. So there's still a washout in the wings.
Its kinda like trin hits 2 either at the bottom or a few days early, and there will be a bullish macd cross either at the bottom or a few days late. We've got neither. We're still dropping.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
DellGriffith wrote:Before we bottom, trin will have to hit 2. Often it will happen at the very bottom. Other times, it does it a few days early. So there's still a washout in the wings.
Its kinda like trin hits 2 either at the bottom or a few days early, and there will be a bullish macd cross either at the bottom or a few days late. We've got neither. We're still dropping.
why you hate BULLS man?? leave them alone!
I think market will in holding pattern after Bullard comments...Bears are very careful now since they have seen how FED can pump this to 2000!
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.
if today is range day, it should pullback from here which is range high. let's see.
Attachments
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.