Ultra short term is neutral and remains in a decided downtrend Short term is neutral Medium term is neutral and declining Continued flatline of this indicator. Quite rare and bizarre activity. It did some similar activity in early to mid 2000 with the slow / flat ascent during the final peak. Around July 2000 it...

The first half of July’s strong seasonal performance is now behind us. My indicators don’t show a great buying point in any time frame.

If there isn’t some dramatic solution to the weak breadth we’ve seen in the market recently, this rally is nearing its conclusion. July isn’t typically too bad of a month, but August can be.