Market and Sentiment Update


I don't know if it applies in this market, but the MAM has put out a major low signal for sometime between yesterday through the 26th.  That means it's saying that sentiment has finally gotten extreme enough for a major low, and the market has sold off extreme enough for a major low as of yesterday.  The long term trend remains decidedly down, about 400 SPX points away from neutral.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."