This week the market had a few days with big swings up and then back down again. A lot of action.
One comparison I like to do is to compare the short SPY ETF to the S&P index. As we can see below the last cross over occurred in September. The SDS is above the SPY signalling we have more short action than buying action. Not a good sign.
October can be a loss harvest month with the mutual funds and it's possible that is contributing to some of the downside. All indicators remain in the red.
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