From Dynamic Hedge:
Caution is the name of the game at this point. The most sensitive version of the MAMO indicator is turning bearish. This is a HUGE warning sign. I am still very bullish on this market for the long-term trend, but it feels like the market wants to auction lower. We went from caution tape to cautiously bullish and now just plain cautious.
To sum things up, we have:
Sovereign fears reentering the market (although nothing new)
Momentum stocks weakening
Respected indicators turning bearish
If we don't bounce early in Tuesday's session, we will...
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