38% of US Stocks are above their 20 day average.
41% of US Stocks are above their 50 day average.
Market bias: Neutral
Predictability confidence: Low
Yesterday I posted that the market would need to decline sharply and suddenly to make my 5 primary indicators line up for a bullish signal. That materialized today and I think we are probably not done. There may be another small rebound in the next day or two after some pretty steady losses, but overall the market needs to continue lower to create a bullish entry signal.