Another week of trading in the range. The market moved higher the first part of the week, then reversed. Now sitting right in the middle of the range.
With everything pretty much neutral, it can still go either way. At the moment, I am now sitting and waiting for the market to decide a direction. March tends to be a better month for the market, with April being one of the best months. We will see if that holds this year.
The breadth indicators I track are pretty much all neutral at the moment:
I added a few more things to look at periodically. It looks like money managers have been pulling back on equities.
Bearish sentiment also seems to be building
Military interventions have a tendency to be bullish for the market. No idea what will happen this time. My initial thought with the market treading water, but with bearish sentiment building, this very well could lead to a healthy upward push at any time!
