Hi folks
Here's last nights S&P 500, I am bearish now and feel that we have seen this run as far as it is going to go, last nights feeble effort was on low volume, spiked high and finished lower indicating selling, but more so lack of any buying interest from what I can see. What's more concerning is the run up failed to even make the top of the range, we now have stochastics looking to turn as well, though the MACD isn't just yet, so maybe just a pullback. Hard to tell until we see tonights action. There just doesn't seem to be any petrol in the old gal to take her up higher atm imo.
Cheers!![]()
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Shanthar Pathmanathan, MD
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