Updated Friday 11/13/20.
Well done by the bulls, completely reversed the price loss of previous bar. More gains expected in the coming days. You can't argue with price and the Upvol/Dnvol ratio has triggered a buy as it closed above the threshold.
11/12/20
Today had one of the sharpest drops in the fast versions of the Summations Indices since June, SPSI (SPX) and NASI (NDX) shown here in the lower panel, SPSI in red and NASI in green. The 10 day EMA of Upvol/Dnvol ratio also took one of the sharpest drop since 06/09/20 for SPX. Strategy models also suggests the shorts have a play in the 2-day time frame chart for the SPX and the weekly time frame chart for $COMPX. Notice the divergence of $COMPX price to its summation index where higher price was met with a lot lower breadth. A lot of these short signals could be early and the top could still cycle through another high(s) before more shorting come in. Just putting it out there for anyone looking at how the market could look from the short side.
