Go for Broke.......Wednesday, page-2

XJO down today modestly today -0.27% on light volume.



Negative:  Indicators still have room to move to the downside.

Positive:  RSI on the A.VIX is now well above the 70 level (overbought).  (VIX moves inversely to the stock index.)  That suggests that VIX will drop which would be positive for stocks.

I'm still on the side of the Indicators.  Maybe we'll see more sideways action which would make the indicators drop.   Then stocks can move up again.

I remain bullish.

RB.