BarroMetrics Views: S&P – Up or Down?
A weekly bullish conviction close above the Maximum Extension (2186) will signal the start of new bull market. The problem is I am not seeing the range and volume I’d normally associate with the start of the a new bull.
Under the circumstances, I’ll resort to the 2007 view: ‘Long or out’. In other words, I am not prepared to short the indices until I see some sign that the sellers are back.