Bears would also benefit from weaker utilities, retail stocks and commodities. Bears need UTIL below 845.52, RTH below 117.99 and/or GTX below 2456, respectively. The caution flag will be out if one of the three turn bearish and the imminent turn to the short side will be in play if 2 or 3 of the 3 parameters turn bearish. If utilities fail going forward, this is a big-time negative signal for stocks that may begin to accelerate wildly lower.
Global traders await Chairman Powell on hump day afternoon and ECB President Lagarde on Thursday morning.
12/15/19;
7:00 PM EST =
12/9/19;
3:09 PM EST = +74; signal line is +52
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