Downside Projection - Non Committed Market

Vectors remain indecisive as to the current status but we are watching the blue rolling signal on the lower chart which may be about to form a lower peak for the third time since mid-April. Price projections are nominal based on a minimum initial down move. Larger moves may or may not come into play which would naturally shift targets lower.

Latest 'news cycle': "Rudderless After A Rally.." - ok or 'non-committed' as this posts title describes it but what does that actually mean?. In all likelihood there is a filling of inventory happening in the price range that is printing and externally it looks like nothing is really committed one way or the other. That is an error in analysis or description at least. Trades are still moving prices just not in a dramatic way- yet. Divergences are building positive or negative. Currently longer term moves are creating a negative aspect in divergences (see bottom chart). We read the current signals only and they tell us when to go or not.

1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here

See Important Long-Term VIX Study

Forget the 'news cycle'- we report on what is actually happening in the majority trading environment

The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/30/20, 5/11/20)

..and possible bounces/bottoms: (2/28/20) , (3/23/20)

This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.

Our favorite go to site- McVerry Report 

Daily S&P (upper plot) vs advance-decline ($nyad) MACD signal line (blue):
not much change to speak of at close 4/21/20- blue signal now @14.578 (#3 peaking?)