I don’t have time for my weekly update but I can post an abbreviated version.
- Market is oversold and should bounce
- McClellan Oscillators very oversold
- Charts look terrible and must move aggressively up before being overbought
- A weak move to overbought will bring on new yearly lows… possible to SPX 1160.
Charts and analysis for premium subscribers has been updated.
I caught a bluegill on my first day of fishing… impressed the kids… I had a big bass on but the line broke.
Post Modified: July 2nd, 2008 at 11:22 pm
Tags: Market Internals · Market Outlook · McClellan Index · Standard and Poor's 500 (S&P500)No Comments
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