wednesday trades!, page-23

I have been slack in not posting some charts so here is a few based on US sentiment.

First chart is bullish percent for SPX and it is positive. However at 84.6 it only has a 87.XX and 88.XX as more extreme levels in upside moves.



A closer look shows it is positive over its ma but won't take much to give a sell.



If we look at McClellan's work, we see a declining trend in the ratio adjusted signal and more worrying is the failure to move up in the summation index.



In the 10 day put/call I have inked in last night as that is not shown on the chart. Maybe it goes lower but a turn seems imminent based on replacing old numbers with new plus the absolute level.



Add to that the Hindenberg Omen and the TDSEQH signal plus many other signals, some of which are possibly even all time extremes, it spells DANGER IMO.

Perhaps we just fall 100 pts and there is support there, or maybe it is a new paradigm, or maybe this is serious