Lumpiness in Liquidity Factors Cause Short-Term Pullback Maintaining Bullish Rating
Something unusual happened this week. After the prior week’s rise of our indicators into the bullish range, this week our major market indicators fell down hard, into the lower part of the neutral range. We were bullish in the prior week not just from the single score above 60, but from the trend line of the MMI which led to that bullish score, which rose in a steady slope to get there. Thus we were surprised that this week’s score fell to 52.5.