Market remains quiet on Friday.

We didn't get any new information from our indicators. In order to get a reversal signal from our indicators, we need either to reach euphoria level or to trade below the zero line for at least two consecutive days. This situation hasn't happened yet.

Nevertheless, an important negative divergence is under construction in our breadth index, telling us that internals are weakening fast: new high in prices not confirmed by the breadth index.

The same negative divergence can be noticed on our Sigma trend Index:

We remain patient, waiting for the right signal.

Have a nice day,