Market Color sell signal Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Oct 29, 2020 4:39 PM

Today stocks are rebounding a little bit.
Nevertheless Market Color is sending a sell signal; After it sent a hedge signal (purple) last week.

Comments

MacBull1557

⋅ Nov 8, 2020 7:51 AM

HoW ABOUT Now

TuftedCreator

⋅ Oct 30, 2020 5:16 PM

Makes sense to me.

Thanks!

munight

⋅ Oct 30, 2020 1:28 PM

How may I use this signal?

AlexWe1992

⋅ Oct 30, 2020 5:01 PM

@munight, gave you access to test it.

The_Master_P

⋅ Oct 30, 2020 5:32 PM

Can I try it out too?

Mynameismethos

⋅ Oct 30, 2020 1:05 AM

What indicator is this?

AlexWe1992

⋅ Oct 30, 2020 6:53 AM

@waszkien1, I call it Market Color ^^

tgnsr

⋅ Oct 30, 2020 8:22 PM

@AlexWe1992, Would like to try your market color

MacBull1557

⋅ Oct 29, 2020 6:23 PM

AT THAT TIME IN FEB, RSI WAS OVER 70, NOW IT'S NOT, i DON'T SEE THAT HAPPENING AGAIN.UNTIL PROBABLY MAY

AlexWe1992

⋅ Oct 29, 2020 7:46 PM

@MacBull1557, you know that a RSI below 50 is a bad sign/ weakening.
Looking at RSI it actually looks worse then in Feb.