We identifies structural weakness helped us stay safe during the correction
Late June, when the bearish sentiment was rampant, we saw extremely oversold and depressed internal conditions and thought that at least an oversold bounce might happen. It was discussed in detail at Market Time Premium
That was followed by back-to-back hits on 200-day SMA, also pointed out at Market Time Premium, and, then, the current rally
We made good calls.
This is a weekly
Not a bad week especially given the way it started the Monday morning session. The immediate weekly support held for the week
There was some improvement with structural indicators (MAI and OEW)
These indicators still need improvement and and have a lot of room for it. They must rise to structurally support bullish endeavors
Market Time Premium stage and trend table has major indexes in daily advancing stages and weekly distribution stages.
So far so good, but there is lots of room for improvement. Important thing is that we do not see structural deterioration.
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