So far there has not been a bullish divergence on the MCSUM (weekly RSI may be a better indicator for divergences). Instead a powerful breadth thrust and rally with a ZBT "buy" off of the lows and goosed from the Fed pivot. QE is like the Eagles, Hotel California:
"And she said, 'we are all just prisoners here, of our own device
And in the master's chambers
They gathered for the feast
They stab it with their steely knives
But they just can't kill the beast
Last thing I remember, I was
Running for the door
I had to find the passage back to the place I was before
'Relax' said the night man
'We are programmed to receive
You can check out any time you like
But you can never leave!"
Anyway, seeing something rare in the rally off of the lows. The DP comments are there, in part, about the McSum: https://stockcharts....nd-topping.html
