Internal strength remains weak despite the SPIKE higher in the SP500. As trend of stocks above 200-days Average remains diverging. I would like to see black line breaks above its descending trend line to negate this bearish signal. Until then, I am not a buyer, i remain unconvinced and strongly cautious on this bullish run.
If this divergence persists for a longer time, the following correction will probably be more severe.
If this divergence persists for a longer time, the following correction will probably be more severe.