POSITIONS: 12 LONGS, 6 SHORTS
At every higher-low, literally, this contra-indicator stream I built for myself on Twitter tweets bearish. That’s bullish.
So is a strengthening Dollar, weakening Gold/Bonds, stabilizing global growth, etc…
Across my core risk management durations, here are the lines that matter to me most:
- Immediate-term TRADE overbought = 1490
- Immediate-term TRADE support = 1447
- Intermediate-term TREND support = 1419
In other words, this market A) remains in a Bullish Formation and B) continues to signal higher-lows and higher-highs.
That’s just bullish too.
Keith R. McCullough
Chief Executive Officer