$$ $SPY $DIA Market Internals, Charts
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$BKX, Bank Index
This is in a very ugly territory. It hasn’t been this bad since the start of the 2008-09 “event”.
$BPNYA, NYSE Bullish Percent Index
Crazy sharp drop. Once again, hasn’t been this bad since ’08-09.
$BPSPX, S&P 500 Bullish Percent Index
$NYSI, NYSE Summation Index
It’s in the negative territory (dotted line), but I’m most interested here in how it correlates to market prices. It’s pretty good for showing direction but not the size of the move.
$VIX, Volatility Index
An obvious inverse relationship here.
Looks very choppy, sort of a deciding moment.
I think most of these indicate there will be 4-12 weeks of basing action and a continuation of the bull market, but wouldn’t bet real money on it.