“The 99D rule is the last (and the slowest) to turn bearish, of the three.
If not, the 99D rule has been bearish on every index EXCEPT the S&P since 3/30 (Russell2000) and 4/12 (Nasdaq). It will go bearish on the S&P on 5/20 unless the S&P recovers 8.5% to 4642 before then.”