@stx_joe64711@taherbohari52@markminervini There should be VCP characteristics. I don't see price contraction and volume dry up. The volatility was actually slowly increasing until last week.
@markminervini This is true but it takes time to realize what this really means. For most traders, it would be better to take top down approach and then take bottom up approach later. At least, that would allow them to take profit from rising index.
@markminervini Isn't 1/27 dip caused by DeepSeek, which is a blackswan event rather than a weakness in the market? I agree that IBD Mutual Fund Index going down 50-D MA is a sign of weakness.