Well it does seem a bit moot to do all the active techicnal analysis on the current market. Since a few days back already, the volume has been drying up. High volume on friday, of course, due to “quadruple witching” day with all sort of contracts expiring. But as one of the TOS guys said on the friday market wrap, “After December expiration, the year is over.”
In any case, just so we keep our eye on the ball, here’s my take on the market posture. Seems we’re creeping sideways to up. Not reason to think that won’t continue in light volume unless something is broken drastically to the downside and the obviously red flag goes off.
I somehow can’t figure out how to imbed the video, but here’s the MARKET POSTURE VIDEO.
I’ll try to get back with some more charts to look at soon.
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