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andre_007

% of stocks above 200 moving average (SPX)

Long
Percent of Stocks Above 200-Day Average (INDEX:MMTH)  
andre_007  
INDEX:MMTH   Percent of Stocks Above 200-Day Average
Wedge Trend Lines Support and Resistance MMTH 200ma S&P 500 (SPX500) SPX (S&P 500 Index) wedgepatterns supportandresistancezones
4
0
wedgepattern trendline supportandresistance mmth 200ma spx500 spx wedgepatterns supportandresistancezones
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.
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