I’m Ursa Minor at the moment and if there’s a pop in the morning, I’ll go full bear.

Here are some charts to back up my stance.

Click to enlarge

Summation Index

Heading south

New Lows

As you see, it usually reverts to the mean. This chart is for NASDAQ; NYLOW looks about the same.

BKX – Bank Index

Overbought. You might think that the banks were very oversold, but what has changed to warrant further advances? Nothing. I say this is enough. Technical pressure relief played out.

$US – US Dollar

Dollar looks like it may try getting above resistance? Not sure, the candle is black, so maybe it’ll revisit the support area first.

Sleeping Bear

Join me? Or are you a bull?

Have a profitable day!