The volatility study remains bearish, but today’s candle is not promising of immediate downside action.
The volatility study turned bearish today. Another bearish day on Monday might be enough to convince me to adopt a bearish outlook.
Twitchy signals either turned bearish or hinted of an imminent turn today, but the discretionary/staples ratio remains confidently bullish. I am not eager to increase bullish bets at this time, but I am not eager to get short either.
Most daily signals are bullish after the March 3 interlude. Synthetic volatility is a twitchy signal that is pretty good at recognizing tops early. It is solidly bullish for now.
The volatility study reversed its bearish signal after just one day and is now back to being bullish.