Many indicators are at levels not seen in a while. It looks like the market may want to pull back soon.
$BPSPX- A few more points and this indicator is at it's highest levels since the bull market. Take notice of the last time the market was at this level.
$NYAD- Noticet he lack of movement in NYAD lately. This has implication for $NYSI as well. The ATR, which is the volatility of the movements of $NYAD is moving down. Notice on the chart, what happens when the ATR hits a bottom.
$NYSI- As NYSI gets higher, it needs more advancers to push the indicator higher. As the NYAD weakens at this level, so will NYSI.
Look at the VIX today. Now its getting somewhere. Very close to the 32 I am looking for and its oversold.
$BKX- it exploded today stopping at resistance. Notice how it is making new highs, yet the MACD isnt.
I am still sticking to my plan and waiting for: Still need:
SPX > 945
VIX < 32
XLF> 12
USD <= 83.40
So far we just have XLF>12.