Current weakness may be contained but real test will see if a new high can be made soon. Weakness today makes Friday and Monday action seem more like a blowoff than an indication of strong underlying demand.
All major indexes produced blue candles today but weakness was contained by the 18 day moving average. Outlook still slightly negative,
Worst day since March 21, outlook is neutral but leaning negative.
IWM looks quite bullish on weekly and daily time frames but the recovery has been choppy and slow.
New strategy, market still neutral daily, bullish weekly.
Overall Market outlook is neutral, IWM and VTI daily candles changed to white
Market still bullish with the exception of XBI and XLV. Seasonality is a positive. Some technical deterioration is a concern.
Later strength after earlier weakness. Still quite bullish overall, XBI and XLV are weak.
Best breakout chances among Major Index ETFs based on distance from all time high. Achievable targets of 159.08 and 161.19