Technician

U.S. Equities: To Buy or Not To Buy

INDEX:S5TH   S&P 500 Stocks Above 200-Day Average
160 3 5
Internal strength remains weak despite the SPIKE higher in the SP500             . As trend of stocks above 200-days Average remains diverging. I would like to see black line breaks above its descending trend line to negate this bearish signal. Until then, I am not a buyer, i remain unconvinced and strongly cautious on this bullish run.
If this divergence persists for a longer time, the following correction will probably be more severe.
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Did not know this data was available within Tradingview, good stuff. Do you know if advance/decline data is also available?
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Unfortunately, couldn't find advance/decline lines on tradingview. It would be nice if you post this idea at the community-powered support page, link to it is located at the footer of pages.
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Will do thanks.
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