Current momentum of equity prices shows positive relative strength. However, with the volume highs matching the lows, there is an indication that the trend can break down.
Since the strength derives from being a store of consolidated value, which keeps the risk-free rate low, the strength actually derives from economic weakness. Measurably low inflation is this weakness, and the Fed says it indicates growing strength when it rises. This means we are in a deflationary trend, not an economic recovery, and the momentum indicators on the DJIA, for example, are actually measuring the strength of the weakness.
What is bad is good, and what is good is bad.
Is it really only natural to do the bad to derive the good?