Stock Market Technical Indicators are Still Vulnerable to Selling



Stock Market Technical Indicators are Still Vulnerable to Selling. The technical indicators are still rather weak and the bears still have control. The charts are still somewhat negative with the momentum indicators still leaning to the downside. The trend indicator is bearish and the moving averages are pointing down. The market started off Monday morning higher and then sank down to near the lows of the Friday. The last hour of the day, buying came in and the index funds took off. There is a high chance the stock market will bounce and end higher this week and next. I started to nibble on the bull funds at the lows before the take off higher. I added the QLD and the SSO bull 2X bull funds. The 120 minute still has not started to turn bullish, so there is lots of room to the high side, however the market is still vulnerable to the downside.

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