WC-02/18: Expect a slightly better week
Less negative, but experiencing all the turbulence mentioned before.
Slightly better than last week
Let’s get straight to it — this’ll be short.
The McClellan Oscillator is at -0.5699 and it’s been creeping back up SO slowly. meaning that we’re likely to see some red in the market.
The graph says it all. We’re getting less negative every week so we should expect some net-positive behavior soon.
RSI at 58.28, and we’re experiencing all the turbulence mentioned before.
RSI should go back down soon, and, correspondingly, the S&P and broader market should trend back up.
Catalysts: None
The market will continue going up for no reason. Straight up.
At least until the election.