Where are we? At the edge of a cliff, or the foot of a mountain?

In the weekend summary, we pointed out that the McClellan summation index RSI was poised to turn back up while still above 30, like it did at the start of the November recovery, and that is what it did on Monday. This increases the odds that we are at the foot of a mountain (chart below).

ANG Traders

Forty years of private equity trading, and still learning.

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