After foreshadowing a market break for weeks, cycle screening measures were significantly weaker on Friday in confirmation of the tape action. Here’s what that means.
The market finally broke enough to confirm that the 13 week cycle has turned down.
Cycle screening measures were slightly weaker on Thursday. New signal measures had a slight edge to the downside and new 6 month cycle signals fell deeper to the sell side.
The market and the technical indicators were virtually unchanged today. But there’s more here than meets the eye.
Cycle screening measures were slightly weaker yesterday.
Some signs suggest that it is.