1/28/20 Hope Moving Up the Slope?

"Best day yet in 2020 for the Stock Market" -yes we are back to positive developments as stocks regain lost ground. Phew- everyone wipe their brows. However, we would rather watch what exactly happens going forward. Has anything changed under the surface? Did the top detection analytics fail us? Let's see how expectations actually play out. There are gaps still to be filled in SVXY and VXX and the ES E-mini would look better with more price overlap. As stated yesterday the intra-week advance-decline on the NYSE (nyad) needed some pressure relief and today certainly was a good start at +220%. The retracement (if that's what it is) target zones are enumerated below. Once the 4 hr MACD histogram bars begin to shorten, we may see the magnitude of this move more clearly.

Our bots will flag a "V" when they see a top.  (1/25/20 Top Flagged!)
Our favorite go to site- McVerry Report
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