All May Not Be Well Just Yet

See later post

Update 10:00am EST. Breadth has flipped to (-)218% intra-day. Let's see if that has any follow-through to the end of today.

Everything seems to be screaming "bullish" even to us except this chart has a serious looking divergence:

The VectorSpike crew will be watching this one like any other move rather than trying to quantify exactly how it might play out. However, the lack of upward move in SVXY may need a market decline and bounce to restore it to a more 'normal' relationship to SPX. A downward acceleration event should give a better clue if and when it arrives. Vectors are definitely in place to initiate such an event.

Part of the difficulty in envisioning a dramatic move down in the current environment relates to the fact that there are no arithmetically negative value signals weekly or daily on the breadth MACD even though there is a down channel from April 9 2020 on all of the indicator prints on it.The market will do as it pleases of course so this criteria may not be required for a major decline event especially given the potential degree of the market that is developing. It would be rare and improbable in any other market situation. There is ample evidence to suggest this is not 'any other market' situation- take another look at critical long-term Review Here

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