Get your trigger finger ready...
Rogerdodger Nov. 24: "I could see an eventual breakdown of support to get bears excited, then a bear roast rally which could be sold."
Whoever is in charge of keeping the market orderly apparently skipped work last Friday.
The new low indicators are the best bottom indicators I am aware of. When a bottom has been reached new lows disappear and the indicator moves sharply upward.
OTC HL Ratio is at its lowest level since the Covid crash.
Looking for a sharp reversal.
But...
"I expect the major averages to be lower on Friday December 3 than they were on Friday November 26."
Mike's December seasonal charts show a meandering trend until mid-month, then the famous Santa rally begins.
LINK