[Lplate]

. . . For example, this week a number of sectors continued to move lower and moved down a row, and so the majority of sectors is now in the upper middle of the scale. Which is still in the bullish half of the range, but shows short term weakness. Only one sector is below the 50% level in the bearish half, which is Consumer Staples. So my interpretation is that it shows that the overall market is still on the bull side currently, but that it's weakened significantly over the last few weeks and is flirting with turning bearish, but it isn't there yet, and so could still recover again, so a more defensive strategy would be sensible currently, as the market has the ball and is trying to score against us, so we need to protect our gains. But that's just my opinion from my interpretation and others may see it differently.

. . . . and this accords with Weinstein's view in the last week or so that the US stock market is "in the ninth inning", which I take to mean make or break, last chance saloon or suchlike.