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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (107)6/27/2020 12:06:50 PM
From: rimshot  Read Replies (1) | Respond to of 1118
 
Larry McMillan June 26 free newsletter update -

excerpt

In summary, the market has stalled out recently. In the near-term, the bulls would like to see a close of the gap on the island (a rise to 3184 would do that), while the bears are looking for a breakdown below 2965.

From a longer-term perspective, the picture is still one of caution, as the bulls won't fully be in charge until $VIX closes below its 200-day moving average.

In fact, if $SPX should fall below 2920 and the equity-only put-call ratio should roll over to sell signals, the bears would be back in charge.