The market sentiment (Put-Call ratio) came back from lately negative to neutral terrain. I don't expect it to drift into positive terrain within the next days. That's why I don't expect the S&P to move up further.
That's supported by the McClellan Oscillator which indicates a slightly overbought market. The VIX is sitting on a support and is likely to bounce up although in the mid term the VIX has space to the downside.
No comments:
Post a Comment