CPC dropped bellow 0.8 today, so we may see a firework again. What is firework? Skyrocketing high then (maybe after a few days) drop to the ground. Very short-term, the market is overbought, so should pullback at least tomorrow morning.
7.0.4 Extreme CPC Readings Watch, this is the today's tale: CPC closed bellow 0.8, 14 out of 20 times recently, the second day closed green. Also in my previous report, I mentioned that CPC closes bellow 0.8 may mean several consecutive up days until one day the market opens with big gap down, so if tomorrow the market closes green again, bears should be careful about the possible coming firework.
0.0.3 SPX Intermediate-term Trading Signals, NYADV and NYUPV (blue and red curves) look promising, so this is another reason, if tomorrow the market closes green, bears should be careful.
1.0.3 S&P 500 SPDRs (SPY 30 min), this is why I said the market may pullback at least tomorrow morning: STO overbought while ChiOsc is a little bit too high.
7.0.1 Extreme NYADV and NYMO Readings Watch, even the market drops tomorrow, bulls should not worry too much as very likely the "ultimate oversold" signals will be oversold again.