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A different look at the market from a moving average perspective (10,20,38,50,100,155,200 SMA). Plotted underneath is the Money Flow in the SP500 and a custom indicator I've been tinkering with (not moving average related). Nonetheless, both show a positive divergence over the last month or so. However, I should note over the past several days the PUT/CALL ratio (not shown) has ticked higher, but the 10SMA is improving, nearly a 1:1
Just don't forget to strap on the 4-point harness before trading and keep your hands in the ride at all times until it comes to a complete stop. This is still a bear market with a 60 VIX. Counter-trend trades are not the best place to get super-aggressive.
