When the candle is in the green sector their good chances to be in a good enter a Long position. INDEX:MMTH
This indicator anticipated the fall of the SPX well in advance, according to the yellow line on April 12, 2021. Showing a clear divergence. As SPX went up, the indicator went down. Only on January 10, 2022 was there a trend reversal in SPX, going down. Now the indicator appears to be anticipating a rally.
1) Since 2000 % of stock over 200 DMA > 89% - 92% in 2002 ,2009 & 2021 happened only 3 thrice it always came back to 45% after that, ) After that either it consolidates in this area or moves back to 70 & consolidates so we have couple weeks to be in that before going in either direction mostly in lower 30 to upper 2Os which can reverse the market ,
I recently updated my piece defining oversold and overbought conditions using MMFI or the percentage of stocks trading above their 50-day moving averages (DMAs). Here is the key text from that post: Above the 50, AT50, is overbought above 70% Above the 50, AT50, is oversold below 20% The Technicals of Converting from Above the 40 to Above the 50 Converting from...
SPX500 and MMTH : a lovely correlation. Enjoy the beauty. No needs to say more, DYOR and peace
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Too late to exit in days Early W.System to exit in days 24 22 42 22 36 during a crash during a crash 53 43 40 19 9 ...
Breadth indicators really only become useful in two circumstances: 1) when they start to diverge from the price or 2) when they reach an extreme. The highest percentage of stocks above their 200-day moving average in a decade is noteworthy and can be considered an outlier – or extreme scenario. Stocks and breadth are moving in sync and so there is no divergence....
Combination chart of several different Breadth metrics. Multiple timeframes are used to smooth out false-signals. $MMTH - % Above 200 Day MA $MMOF - % Above 150 Day MA $MMOH - % Above 100 Day MA $MMFI - % Above 50 Day MA Best, RH
Suggested by the friends at Tradingview. I like this chart