Market volatility has remained high, and we can expect these high levels of volatility to persist.
Even with this volatility, the chart of $SPX is still in a trading range. Once again -- for the fifth time this month -- 1990 has proven to be support. To say that 1990 is an important level would be an understatement. If it gives way, a much more bearish situation would develop. On the upside, there is resistance at 2065.
Equity-only put-call ratios remain on sell signals. They rolled over to sell signals about ten days ago, and the ratios have been rising ever since.
Market breadth oscillators have been jumping back and forth...