Mid-week market update: Subscribers received an email alert last Friday that I had issued a tactical sell signal for the stock market. The VIX Index had fallen below its lower Bollinger Band, which is often a signal of a short-term top. Since then, the index has been trading sideways while the 5-day RSI slowly descended and flashed a minor negative divergence.
Here is the good news and the bad news.The full post can be found here.
The good news and bad news
June 07, 2023 at 16:27 PM EDT