January Barometer +VE, But Flows Not In Cooperation Despite Massive Jan Rally

posted in: Equities, Technicals | 0

January barometer, if comes to pass, bodes well for this year.  The S&P 500 is up nearly 16 percent from the December 26 low.  It is deeply overbought.  Once unwinding begins, bulls hope bids show up at resistance-turned-support at 2600-2630.  … Continued