The SP500 index hit the 50/50 point and is in equilibrium – no advantage to either side.
Dynamic Chart
Market is back to the oversold level of the last selloff. It is options expiration week so weird things can happen in the short term.
Charts courtesy of Stockcharts.com
Any thoughts on gold? It seems to be marching to a different drum.
Interesting free Jeff Cooper column today. Some time cycle talk and charts. Nov 21 is the anniversary of the 2008 panic low which was the bottom for qqqq, emerging markets.
http://www.minyanville.com/articles/jeffrey-cooper-s%26p-rally-bulls-bears-minyanville/index/a/25532