• Comments for September 17, 2021

    The markets have tried hard to bounce for the past two days, but this bounce looked rather weak.



    The NQ8 and the tech stocks look slightly better here, but barely so.





    The NQ100 Futures are turning slightly positive here though.



    The Ctick is also reversing above its Pink average line.



    Finally, the energy sector seems to be the most bullish sector, attracting good money.



    Conclusions:

    Today is options expiration, which carries a positive bias.

    For the bounce to have legs, we need the New-highs-new-lows indicator to cross above 100 (circled in Blue in the Figure below)