There would appear to be a small shift back towards hopefulness in the market.
Fluctuation in the cycles has shifted things forward a bit since last week. The RSI is also supporting the idea of a bullish move for the index. The midline and adaptive top band are just being breached by the RSI. This would suggest the potential for upwards volatility. That’s not really hard when we are scraping along the dirty floor but still, it’s something. The bottoming of the cycle is still a few days out so I’m still anticipating plenty of chop.