We have an interesting week ahead in the markets. When the greed index was peaking last week with FOMO crowd, the smart money was quietly slipping out the back door. This means that we are likely to see some downside in the week ahead in stocks. Have to take it as it comes.
NYMO daily is headed lower which can be bearish for stocks.
SPX weekly traded on below average volume last week. See if there is selling on higher volume in the week ahead.
VIX daily on support. You don’t get large downside in stocks with the MACD below the center line. Have to see if there is a daily close above supertrend.