SP500 vs. SP500%ABOVE200DMABreadth indicator % SP500 STOCKS ABOVE 200DMA reaches the 50% level. Level that previously have acted like a solid support and has marked bottoms. CBOE P/C RATIO AND SPX P/C RATIO have reached levels where markets find bottoms.
"Buy when there is blood on the street" - they say
Market is overpesimistic and algos have sold quickly on the TW news. When little bit of optimism data starts to surprise to the upside we might see NEW ATH til YEAR-END.
3rd slowdown in the business cycle since 2009 have just finished.
Good Luck
