MMTH, about to pull above our yearly high ( 49.17% )
I consider this an indicator of market breadth . Ignore pundits telling you their doomsday predictions and see that stocks above their 200 sma is :
In a stage two uptrend. More confirmation of this needed, could also be a stage one if we don't see follow-through here and pull into a sideways range which would then be back into stage 1 .
Either way , its no longer in stage 4 ;)
Has made a major higher low and a major higher high
Is above its 200 ema which is angled up , ma's are beginning to stack with 10/21 emas overtaking 200 and 50 sma on its way , all angled UP
Is just below the yearly 2022 high of 49.17
Bull market ~
In a stage two uptrend. More confirmation of this needed, could also be a stage one if we don't see follow-through here and pull into a sideways range which would then be back into stage 1 .
Either way , its no longer in stage 4 ;)
Has made a major higher low and a major higher high
Is above its 200 ema which is angled up , ma's are beginning to stack with 10/21 emas overtaking 200 and 50 sma on its way , all angled UP
Is just below the yearly 2022 high of 49.17
Bull market ~
艾力克~