Mark D. Cook is something of a legend to anyone who has traded the S&P futures over the years. He is primarily a day trader, but with a weather eye on longer term trends and opportunities. His style is not mine, but when he speaks out I pay attention.
My proprietary indicator called the CCT gave an ominous sell signal in the summer. Since then, the sell signal has increased in intensity and entered a 30% correction zone….
….What happens next? Stock prices have always succumbed to the divergence. The greatest divergences registered prior to now were 1987, 2000 and 2007. And this current market has surpassed all of them in bearish readings.