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I’m not sure about tomorrow, could be a red close. Anyway, red or green doesn’t matter now as on a little bit longer term, I believe this is a sellable bounce. Will talk about this in tonight’s report.
2 charts arguing for a red close tomorrow:
- When ISEE Index closed below 100, 58% chances a red close the next day.
- When both SPX and VIX closed green the same day (red vertical lines), 9 out of 12 times (75%) recently a red close the next day.
1 chart arguing for a green close tomorrow.
- CPCI closed above 1.55 today which seems most likely to lead a green close tomorrow recently.