The below numbers confirm a bullish change in trend from a price, volume, and sentiment is not imminent.
Price
Volume
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NYSE Advance-Decline Ratio
The NYSE advance/decline ratio has been trending down with lower highs well before the end of the Primary wave 2 bear market rally. If we see a bullish reversal in trend, expect an increase in volume accompanied by greater advance-decline ratios.
Sentiment
Elliott Wave Oscillator
Conclusion
There are no definitive signs that the overall character of stocks is turning bullish. All technical indicators point to the next wave down in stocks that will soon start. Expect Primary wave 3 down to begin in earnest with a material pick-up in volume.
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