15 May 2023 – Indecisive market

Indices/Indices as of close of 15 May 2023 — Chart 1: Overall market analysis of the indices, oil, gold, bond and US dollar index

Summary (The Week Ahead)
$DJT – DownTrend and Downward momentum.
/ES – UpTrend and Neutral momentum.
/NQ – UpTrend and Upward momentum.
/RTY – NoTrend and Upward momentum.
/YM – NoTrend and Downward momentum.

/CL – DownTrend and Neutral momentum.
/GC – UpTrend and Downward momentum.
/ZB – DownTrend and Downward momentum.
DBC – DownTrend and Downward momentum.
HYG – DownTrend and Downward momentum.

$DXY – NoTrend and Upward momentum.
EUR/USD – NoTrend and Downward momentum.
USD/JPY – UpTrend and Upward momentum.

Daily Tight Squeezes (The Week Ahead)
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Daily Squeezes (The Week Ahead)
$DXY, /BTC, /ES, /GC, /RTY, /YM, /ZB, /ZN, EUR/USD, HYG, SPX, USD/JPY

Preliminary Squeezes (The Week Ahead)
$DJT, /NQ, /SI

Indices/Market Internals as of close of 15 May 2023 — Chart 2 – Market Internals

Market Internals
Market Sentiment – Bearish
Put/Call ratio – 1.159
Market Breadth – below threshold showing more losers than gainers.
Volume Acc/Dis – below threshold showing distribution.
Vix – 17.12
QTiTTs signal is Upward.

Indices/S&P 500 Sectors as close of 15 May 2023 — Chart 4 -1 minute day chart with QTiTTs

In chart 4 above shows the 1 minute chart of the /RTY.

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