Looking at the latest S&P 500 SPX (SPY ES1!) "Breadth" data , including Stocks Above 50-Day Moving Average (S5FI) & Stocks Above 200-Day Moving Average" (S5TH) — this is yet another indicator that we have been tracking since the start of the market downturn (correction/bear market) in late 21' / early 22' as it has helped to signal buy/sell signals.
Here's what...
Lors des recessions de ce siecle, on a atteind le même niveau sur le S5TH
Lorsqu'atteins une première fois, on avait "effectué" la moitié de la récession
Alright this is a straight forward easy idea.
The bottom index is the S5TH which is the % of S&P500 stocks above their 200 day moving average. We are currently sitting a hair above 94%
I'm using a weekly chart for the sake of simplicity as when this gets a weekly close above 94 the SPX will always pull back. Just scroll back on the chart and take a look for...
Almost the same with NYSE 200d Average study. going below 50% is basically going down to form a bottom. The question, How far can we go down "million dollar question"
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weekly D.Crosses:
After a bottom
going...
Nothing out of the usual here. Just a quick illustration about where did the tops and bottoms occurred. Each line represent an index reading either a top of spx of a bottom of spx. We did have a top with 49% reading !!! and a bottom with 81% reading these are the most extremes readings and we've never seen them again!!!
wish you all the best.
Using the symbol S5TH (SP-500 components ABOVE the 20 period moving average) I found something interesting on the 30 minute interval. Since Sept.4 where the SPY (SP-500 ETF * top half of the chart) was pretty much near its peak, through the precipitous drop (I heard a funny metaphor for that - the market had a "Wile .E. Coyote" moment - LOL) and now, back to...
