The market continue to move up a little, then pull back a little, but the inching forward progresses.
Bearish divergences continue to get louder, but the main show has not arrived yet. Took both profits and a loss today. I only replaced one of them. Still sitting mostly on the sideline. Everything seems to have a bearish tone shaping up. Monthly NH/NL, 52-Week H/L and the Capitalized NHNL are all showing bearish divergences.
At this point, I think the market is just looking for a reason to pull back. The catalyst does not seem to matter. Once it finds one, it will find a way to justify it. We will see. No idea when that will happen. At the moment, the trend is still up.
