Or rockin' an rollin' - whatever it looks like it's trying desperately to take the breadth signal level down far enough to make a difference and bringing in fresh buying blood every time it does this so could be in for a long wait until that critical level gets hit. Volatility derivative VXX is within 6% of it's previous low on 5/12 so definitely a candidate to be challenged at this point in the absence of any significant market down moves. Vectors are not conclusive at the moment other than the previous top flags at 4/30 and 5/11 that created short-term drops but should not be discounted as being meaningful since the 5/11 top created the current VXX low on 5/12 which has yet to be taken out. As we said though- that could well be challenged.
1918 Pandemic Did Not Tank The Market!
See Critical Long-Term Review Here
..and possible bounces/bottoms: (2/28/20) , (3/23/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Daily S&P (upper plot) vs advance-decline ($nyad) MACD signal line (blue):
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