Did the correction end? Hummm....I'm not quite sure. Besides the new buy signal in the daily chart, let's not forget the sell in the weekly one! Another reason to be affraid of is that today's close also brought a 20-day MA cross under the 50-day MA. The last time this happenned was in Nov/2009 and that made sure that the correction wasn't finnished. However, today's bar is really bullish and the market is trying hard to break the correction rather sooner than later...
Other ETFs ended today under a buy signal (e.g.: EWZ and TNA).
But most impressive is that many short ETFs ended in a sell. These may well be all false sell triggers if tomorrow isn't a good day for the bulls.
Trade safely,
JAPO.
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