As expected, has given the recent blast furnaces rally, more and more bearish indicators entered the market.
Seasonal weakness has once again into the market. Market underperforms historical, when in the earnings season when the major benchmarks is near the most recent heights.
In addition, the weakness of the normally occurs when the VIX hits a low at the beginning of October. Also, as I said in an earlier speech weakness often follows a payroll tax report, leading to a spans high.
Finally, the witnesses October typically weakness in options expiration week.
We see again, if the bearish indicators comes out in life.
I wait for the report 2: 00 out of Bold today. the report should provide the market some direction on the day., nothing so far has push noteworthy other than one morning decline followed by a further to intraday heights. nothing new there.
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