As you have read my blog recently, I have been calling 9/23 top is an important top recently. But the recent strong bounce made me switch my market view from bearish to neutral. From the trend itself, all three trends (short term trend, semi-intermediate trend, intermediate trend)
are all up. Also, my mechanical major top and bottom system issued a new major Buy signal at Friday close.
However, the recent bounce has come with lower volume, which made me to be a little careful about this rally unless Nasadq can decisively break above 2140 and $SPX can decisively break above 1075.
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