XJO up +0.37% today.
The XJO remains below the 50 and 200-Day MAs. It is also below the Ichimoku "cloud". These translate to bearish conditions, i.e., sell the rallies.
Although the XJO was up today, breadth was surprisingly weak. NewHighs/NewLows = 24.32. Advances/Declines = 504/1013.
European markets are currently very weak, German DAX -3% and U.K. FTSE -1.8%.
It's too early to tell, but the odds are suggesting a lower day for the XJO tomorrow.
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