The Swiss team continuing to be bearish. In boiling down the reasons for their view they sight three main reasons. Bearish divergence for the McClellan, AAII bullish sentiment survey and the OSX put call ratio at extremes. They use some sector rotation signals to re-call an interim mtop here for the spx etc. I’m where i was ie that this area of the chart is a good point to take a little profit and or make some hedging trade entries. We have had a stella start to the year due to the stronger than expected US data and extreme bearishness mid december.
(6 votes, average: 4.67 out of 5)
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