US Market Continues Sideways As Predicted....

Exactly as I have predicted on Monday morning, the US market continued to trade in a largely sideways fashion as the profit taking phase unfolds.

The confusion in the market continues as bond yields and total equities put call ratio continues to point in different directions. As such, I would expect a continuation of this profit taking phase as I have predicted in my report on Monday morning with no change.

For now, the market turns a short term neutral trend within an intermediate and primary bull trend.