SPX overextends it's buying potential. Bulls taking a break
Technicaly:
* CM top/bottom indicator signaling that a top is forming;
* A/D ratio decending as accumulation is nearing its peak;
* Money flows turning lower as money are going out of stocks;
Fundamentally:
* Labour market starts to hick up again as new Covid - 19 cases rise in the US;
* Labour market cracks will weigh in on other economic indicators;
* FED lower it's stimulus program in a steady pace;
Near - term correction is potential towards the lower trend line.
* CM top/bottom indicator signaling that a top is forming;
* A/D ratio decending as accumulation is nearing its peak;
* Money flows turning lower as money are going out of stocks;
Fundamentally:
* Labour market starts to hick up again as new Covid - 19 cases rise in the US;
* Labour market cracks will weigh in on other economic indicators;
* FED lower it's stimulus program in a steady pace;
Near - term correction is potential towards the lower trend line.