I still can argue bull or bear. Of course markets can turn anytime.
For the US bullish case we have MacClellan summation still nice and steep and nowhere near excessive.
Bullish percentage still constructive.
The SPI discount chart which is IMO still in favour of continuing upside.
ON the bearish side we have Laundry's confidence indicator still in negative territory.
And we also have my 5 period RSI unable to break above 80. It is also in a nice wedge which will soon settle the argument.
untoward friday, page-42
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