For Monday, it will be simple. Bulls need lower volatility and that will lead the way to a resumption of the multi-month stock market rally. Bears need lower retail stocks and banks which will flush the stock market down the toilet. One side or the other will flinch.
The bears are in charge of stock market direction currently with the algo number 12 points below the signal line. The quant was active during the Friday session printing nine numbers. The caution flag is out since the bulls do not plan to roll over and die peacefully; they plan on fighting. The Fed will be jamming volatility lower trying to right the market ship on Monday.
1/26/20;
7:00 PM EST =
1/24/20; 3:54 PM EST =
+56; signal line is +68
1/24/20; 3:45 PM EST =
+40; signal line is +68
1/24/20; 3:08 PM EST =
+56; signal line is +70
1/24/20; 3:02 PM EST =
+40; signal line is +70
1/24/20; 2:07 PM EST
= +24; signal line is +72
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