and what do you know, not only is there no significant news but also on light volume. Well, technically we still have 1.5 days left of trading and anything can happen I suppose.
The SPX and the NASDAQ are the only one currently in positive territory for the year, with the RUT, NYSE, WLSH, and DJI in the red. On a yearly basis, prices have now closed above the yearly Upper BB line. I think a break of this should signal the start of the move lower for bears. On a side note, the Market Sentiment is in a Bearish but up-trending mode right now. So, it's probably better off to let the rest of the trading week play out and then assess the situation then.
SEN: Bearish (Up-Trending)
ST: UP
PA: UP
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