***** Technical Analysis (September 15)****
The market technicals weakened today as the MACD crossed down and the Nasdaq McClellan Oscillator declined to -1 from +5, though it could turn back up in a day or two unless the selling accelerates now.
The Money Flow and Acc/Dist are still very positive so we shall see if that portends another rally starting in a day or two.
The sentiment indicators are neutral to positive on balance, so barring negative news, the market could muster up another rally to or towards retesting the recent highs.
Dr.Bob's commentaries are not to be construed as recommendations to buy or sell stocks, options, or ETF's as Dr.Bob is not a Registered Investment Advisor. Information and data provided here is believed to be reliable but cannot be guaranteed to be accurate.
Always do your own research and due diligence before investing or trading. Remember that Technical Analysis can change by the day, and as such, one day's TA may not be the next day's TA interpretation.
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