The S&P600 is nestled against the upper trading range limit, suggesting an increasing probability of breaking out of the underlying bearish slope.

QQQQ is configuring with an increasing probability of a bullish spurt. Force Vectors are sloping bullishly. Keep in mind, these cycles are short-lived, ranging from one to seven days. The last cycle bounced north off Vector Pressure, where it is again positioned. Do not be surprised at a bullish bounce this coming week. Unfortunately, the neutrality of both the QQQQ and QID are configured with bull/bear equilibrium, which suggests inflection point configurations. In other words, market indecisiveness facilitates random behavior, as opposed to directional intensity.

Contrarian ETF-QID, which configures inversely to QQQQ is a solid red bull. It is advisable to never short on solid red bulls even though its Force Vectors are shifting southeast. Although a bearish spurt may be about to occur, this ETF remains a solid bull. That means, overall stock market bullishness in the near future should be viewed as a bullish spurt in the face of an underlying bear market.

The Dow Composites is configured similarly to the S&P600, suggesting market convergence. The bear signal here is the first signal since October 25, 2002. As you can see, its bearish behavior is not as dynamic as that of the S&P600. If it also breaks out of its bearish trading range, the directional slope of the underlying bear will be disrupted. That will allow the markets to entertain alternative configurations, other than the current bearish configuration.

As you can see, ETF-QID is a solid red bull. The stock market will remain bearish as long as this ETF retains this configuration.

The S&P600, Small Cap Index, is mired in a tightly constructed bearish trading range.

Contrarian ProFunds Ultra Short is now a Mid-term Indicant Bull. Historical standards suggest this fund's bullishness will be short-lived. However, "perceived" economic fundamentals are favoring its hold signal for the time being.