The Trade Index
What Is The Trade Wind Telling Us?
INDEX STRENGTH: -2
A choppy week ended with the bulls making a stand at key support levels. Volume on Friday was light which is a concern. The short term tactical index is firmly negative and sits at -2. The long-term strategic index sits at 0; its lowest reading since May. Some of the strategic indicators have turned negative and others are right at support. Bulls will need to continue to make a stand here. The first presidential debate is set for this Tuesday. Historically the last week of September is one of the weakest periods of the year. Covid-19 news and the US election outcome are the main factors to watch. September 26, 2020. 10 am ET.