NYSE short sales and daily volume are trending lower, suggesting that selling pressure is fading.
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NYSE short sales and daily volume are trending lower, suggesting that selling pressure is fading.
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Futures looking bright for tomorrow as well. Could be a short term rally here, but mid to long term, things still looking reasonably dire in my opinion.
The future, however, is not looking bright at all, sorry.
All the major medium-term trend indicators, including very reliable moving averages of convergence/divergence, trending DOWN now. the correction has much further to go down in the medium-term.
I’m looking for 15, 000 on the Dow, before the bottom sets in.