A little little little little bit bearish toward tomorrow, not much edge, at least most likely SPX will not rise another 1% like today.
When NYADV closed above 2600, 16 out of 27 times (59%) a red day the next day. Not much edge but still a little bit bearish.
When TICK closed above 1000, most likely the next day won’t up huge if not red, again, slightly bearish.
In case you’re interested, as I’m sure lots of people like to ask, what happened when both VIX and SPY closed in green? Well, 50 to 50 chances a red day the next day.
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