Breadth for the day closed at 1.64:1, decliners on increasing volume at 1.19B shares traded on the NYSE. Earlier in the day peak Breadth was barely above 2:1, very weak IMO.
Tomorrow is OPEX, so it could be crazier then normal, but the SPX needs to show some serious follow-thru to the downside now, other-wise the odds start favoring a more bullish short-term outlook. The precious metals and commodities had a big down day, and could be leading this thing on down, BTW Copper, which tracks with the equities was down 2.77% today.
The Trend Finder II is updated, with a couple of changes, including the Nasdaq 100 going bearish, signals are finally starting to increase in strength.
Thar’s Gold In Them Thar Charts!