Surprised this afternoon after running the numbers, the SPX is actually flashing buy in here. The Rut as you can see is correcting nicely (evident in its A/D line today also). The RUT 10 day high – low % is -46%.. Typically -60% area marks the low of the correction for this index. The SPX is turning in a relative strong number today. I will re-run before the market closes to see how this number ends up.. Remember these are end of the day indicators, I run them mid-day looking for accumulating strength.
