The market bounced back by 1.4% on Tuesday.
Now, we have our Sigma Trend Index at -2(STI).
And our breadth Index is already in positive territory.
It is too early to say if current move is a bounce back in a downtrend or if the decline was only a mild correction.
Nevertheless, with the Sigma Trend Index at -2, and the breadth index already in positive territory, the bear case is in danger.
If we don't get a negative close today, we will have to move neutral.
Current position: short
Have a nice day,