The IWM has been making new highs every day and once again M11 likes its odds.
Saturday, November 26, 2016
VDX Updates and M11 Signal...11.26.16
Another week to the upside for the indices....that's 3 in a row and the markets are extremely overbought at these levels. Nevertheless this is the tine of seasonal strength and the end of month cusp is coming up quick...typically bullish...so there may be more run up before a meaningful pullback. (just keep in mind last week's Ponzo forecast...it will be interesting to see how this week's forecast looks...posted Tuesday midday..
The IWM has been making new highs every day and once again M11 likes its odds.
The IWM has been making new highs every day and once again M11 likes its odds.