StockMarket Update : Bubble Reaching a Possible Momentum Limit

E-mini S&P 500 FuturesCME

Description

⋅ Jul 11, 2020 11:12 AM

Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.

Kindly,
Phil

Code used for marketcaps :
// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org/MPL/2.0/
// © PRO_Indicators

//@version=4
study("Top5 Cap")
cap(asset) =>
tot_shares = financial(asset, "TOTAL_SHARES_OUTSTANDING", "FQ", barmerge.gaps_off)
tot_shares * security(asset, timeframe.period, close, 0, 1)

top5 = cap("NASDAQ:AAPL")+cap("NASDAQ:MSFT")+cap("NASDAQ:AMZN")+cap("NASDAQ:GOOG")+cap("NASDAQ:FB")

plot(top5)

Comments

svansi1

⋅ Jul 12, 2020 3:25 AM

Well done

Ruslix

⋅ Jul 12, 2020 2:29 AM

You have provided lots of insight thank you very much. Enjoy your vacation. Can't wait for the next video :)

Geronimo2

⋅ Jul 11, 2020 2:49 PM

Good review Phil.

JoeR66

⋅ Jul 11, 2020 12:20 PM

Thank you for the video... Take out the waffle, it could have been a strong 3 min video instead of the long-winded rant...

PRO_Indicators

⋅ Jul 11, 2020 3:37 PM

@JoeR66, that's true! Buuuut, nobody is perfect ;) and my downside is that I'm a talky kind of guy ;)

JoeR66

⋅ Jul 12, 2020 4:32 AM

@PRO_Indicators, please don't get me wrong, your analysis is appreciated, but you will get more punch per minute when its focussed. Thanks again