It is very interesting is what it is. Don't know how to interpret, the MA tick is on an usual long run up, yet we bounce around in a box after a dramatic fall.
My gut says this is bullish for equities, as the boyz are overall buying but probably then tanking the market on leveraged hedges to protect their longs. Follow the 8000 lb gorilla.
Thanksfor the great charts Steveo. The only one I am inexperienced in interpreting is the Tick chart. Is it bullish or bearish right now?
ReplyDeleteThanks Steveo
ReplyDeleteIt is very interesting is what it is. Don't know how to interpret, the MA tick is on an usual long run up, yet we bounce around in a box after a dramatic fall.
ReplyDeleteMy gut says this is bullish for equities, as the boyz are overall buying but probably then tanking the market on leveraged hedges to protect their longs. Follow the 8000 lb gorilla.
Thanks Steveo.
ReplyDelete