TradingView
Technician
Dec 19, 2013 9:30 PM

U.S. Equities: To Buy or Not To Buy  

S&P 500 Stocks Above 200-Day AverageINDEX

Description

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.
Comments
samitrading
Hey Technician what's up,

how strong is the relation between divergences of this indicator and spx.

wish you the best.
TASAVANT
Will do thanks.
Technician
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.
TASAVANT
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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