Tools to assess SPX for potential bear and bull markets
Indicators -
• CM_Ultimate RSI Multi Timeframe
• CM_Stochastic Multi Timeframe
• CM_Stochastic Highlight Bars
Ticker - QUANDL:MULTPL/SHILLER_PE_RATIO_MONTH – Now I cannot seem to find the ticker through the search of Trading view. However, I found this by clicking on a post made about this ticker, opening the full chart, and adding it to your watchlist. (If any knows this ticker, please post it in the comments) (If you want to add it to your watchlist I suggest clicking on the ticker link above this post and adding it through there)
Possible Ticker - QUANDL:MULTPL/SP500_PSR_QUARTER – This is a price to sales ratio of the SPX. This does not have as much history as the Shiller ticker on TradingView however may just be as useful in the future.
This is the Shiller Cape Ratio and first a little about it.
The Shiller P/E was created by Nobel Prize winner Robert J. Shiller. This ratio helps investors understand whether stocks are overvalued or undervalued while also correcting for short-term volatility. This analytical tool is most used to evaluate the overall U.S. stock market. It is also known as the cyclically adjusted price-to-earnings ratio (CAPE) or the Shiller P/E 10, due to the 10-year data it uses.
As much as these indicators can be used directly on the SPX, I find It cancels out the noise and gives you a strategy and indicator that helps you feel more confident about your decision knowing it is backed by fundamentals.
A lot of people had compared the similarities between this crash and the 2008 and this current bear market. The similarities of the point of crossover of the stochastic in the exact position of the 2008 bear market. Not to mention, with the RSI still not having reached oversold territory this indicate that the market has a way to go.
Technical analysis can work great on these indicators as using support and resistance levels in the same way you would use them on any other security. Using them to look for potential bounce or resistance levels in bear a bull markets can work wonder.
Another ticker that these indicators work lovely on is the S5FI and the S5TH for look for oversold levels as well as divergence a momentum.
I will be completely honest, as I am only new to technical analysis. However, I find that similar to crypto using of chain analysis, that trading of fundamentals or underlying key figures give me loads more confidence in making more accurate decisions and better precisely timed decisions and a better understanding of what drives markets.
• CM_Ultimate RSI Multi Timeframe
• CM_Stochastic Multi Timeframe
• CM_Stochastic Highlight Bars
Ticker - QUANDL:MULTPL/SHILLER_PE_RATIO_MONTH – Now I cannot seem to find the ticker through the search of Trading view. However, I found this by clicking on a post made about this ticker, opening the full chart, and adding it to your watchlist. (If any knows this ticker, please post it in the comments) (If you want to add it to your watchlist I suggest clicking on the ticker link above this post and adding it through there)
Possible Ticker - QUANDL:MULTPL/SP500_PSR_QUARTER – This is a price to sales ratio of the SPX. This does not have as much history as the Shiller ticker on TradingView however may just be as useful in the future.
This is the Shiller Cape Ratio and first a little about it.
The Shiller P/E was created by Nobel Prize winner Robert J. Shiller. This ratio helps investors understand whether stocks are overvalued or undervalued while also correcting for short-term volatility. This analytical tool is most used to evaluate the overall U.S. stock market. It is also known as the cyclically adjusted price-to-earnings ratio (CAPE) or the Shiller P/E 10, due to the 10-year data it uses.
As much as these indicators can be used directly on the SPX, I find It cancels out the noise and gives you a strategy and indicator that helps you feel more confident about your decision knowing it is backed by fundamentals.
A lot of people had compared the similarities between this crash and the 2008 and this current bear market. The similarities of the point of crossover of the stochastic in the exact position of the 2008 bear market. Not to mention, with the RSI still not having reached oversold territory this indicate that the market has a way to go.
Technical analysis can work great on these indicators as using support and resistance levels in the same way you would use them on any other security. Using them to look for potential bounce or resistance levels in bear a bull markets can work wonder.
Another ticker that these indicators work lovely on is the S5FI and the S5TH for look for oversold levels as well as divergence a momentum.
I will be completely honest, as I am only new to technical analysis. However, I find that similar to crypto using of chain analysis, that trading of fundamentals or underlying key figures give me loads more confidence in making more accurate decisions and better precisely timed decisions and a better understanding of what drives markets.
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