Mid-week market update: In case you missed it, the dreaded Hindenburg Omen has reared its ugly head again. In plain English, the Hindenburg Omen is signaled when a market with bifurcated breadth sees a rollover in price momentum. Single day signals tend not to be very useful, but clusters of signals may foreshadow future drawdowns.
As the accompanying chart shows, past Omen signals have been hit-and-miss. The latest cluster saw three consecutive signals in the last three days.
The full post can be found here.
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