an tSionna 5.1.09 Where We Stand

Busy Chart! Better to double click on it and read its headings. If you want the cliff notes version it is showing an overbought market that is going to run into some pretty good resistance in the near future. Probability would indicate that stocks should stall out prior to reaching that level or falter near it. Market is also oversold. While we have done little yet, our short term thinking is becoming a touch more defensive here.

*Long S&P 500 related ETFs.