After the last post, the major indexes did turned down about 2% before reaching near (but not at) short term oversold levels and then bounced back a bit before turning back down back near the 2% correction. The small cap indexes, as shown in the 2nd chart, have held up better and are actually near their all-time highs at the moment. On the medium term levels, the major indexes went down as far as between neutral and oversold while the small cap indexes corrected down toward neutral. So no medium term signals but the past month action of consolidation hints to me of a slow move higher led by the small caps.
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