Posted by fibbtrader on 12th of Jul 2019 at 12:55 pm
I see market making new highs, but the large cap stocks and
leaders like FANGs are not confirming these new highs. Similarly
many sectors are not participating to make new highs. Vix has not
made new lows.
Matt - How does the breadth indicators stack against SPX in this
rally? I feel like that a short order market top is being made
here. With a probability of 1% higher but 5% lower. Your
thoughts?
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I see market making new
Posted by fibbtrader on 12th of Jul 2019 at 12:55 pm
I see market making new highs, but the large cap stocks and leaders like FANGs are not confirming these new highs. Similarly many sectors are not participating to make new highs. Vix has not made new lows.
Matt - How does the breadth indicators stack against SPX in this rally? I feel like that a short order market top is being made here. With a probability of 1% higher but 5% lower. Your thoughts?