Market Still Rotating

Wednesdays technical sell signal is probably the most important factor at the moment.  While it is not a major signal, it still points to lower markets short-term.  If the market closes higher today, basis the S&P,  and yet remains under 905 we will get a little shorter, around 20 percent.

The EMA ETF Fund Nav was 1159 at the close yesterday.

6:44 AM CDT