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Weekly SPX analysis with TRIN and TICK

INDEX:TRIN   NYSE Trin
24 0 4
- A TRIN             reading of 2.0 or higher typically indicates a short-term bottom. Several examples of this are seen here going back to 2009.

- In all previous examples the 2 week moving average of TRIN             was above 2.0. Currently the 2 week MA of of TRIN             has not yet reached greater than 2.0

- TRIN             closed this week at 1.17.

- A rising negative TICK appears to be an indicator of bottoming.
- A consecutive positive weekly TICK would confirm a new uptrend is in place.
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