A holiday week is always a little dicey, but NFTRH’s Market Internals segment has been turning more indicators from green to neutral to red over the last several weeks. Here’s one of the red ones. This garbage persisted in keeping the casino going all through Bernanke’s inflated bull market.
This is just a daily chart so it’s signaling need not be terminal. But it’s not good either, especially at a time when we are pitting potentially bullish short-term index patterns against some failing index weekly charts. While the market put on its bounce over the last couple of weeks this negatively diverged and it sure ain’t positively diverging as of now.
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