Update Of The Rydex Chart

The Technical Take has posted an updated Rydex chart. As you can see Rydex traders have become more bearish.
The Investors Intelligence numbers came out. The bulls are down to 34%, which is low and consistent with a bottom. However, the bears are still relatively low at 26%. A lot of people are in the correction camp.

2 comments:

Anonymous said...

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Anonymous said...

ol dawg