It is the first time that I have a situation like this while studying indicators like these ones, so I am going to document what is going on.
The starting snapshot
4 weeks after the historical highest SPX when was at 3400 points this is what happens.
- The McClellan oscillator seems to decrease the fall, in theory it begins to draw a divergence, which to me it still needs a few days to confirm.
- The “strong hand” sales volume is supposed to be decreasing, but the SPX is still down.
Things to watch:
- The US senate, congress and the FED agree;
- the impact of the COVID-19 in US.
To be updated soon…