- S&P is trading above its 100-period SMA, which has turned green, illustrating positive price momentum
- Breadth ratio is < 2.0, which is a weak bullish signal, but is starting to gain positive momentum
- Net Advance Decline Line is still < 1000, which is a "not as strong" bullish signal, but is above its 21-period EMA and is rising quickly to break 1000
Overall, the AMEX:SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA
- Breadth Ratio (NYSE:UVOL / USI:DVOL) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day
- Net Advance/Decline Line (...
- Snapshot of the Market Internals for July 18, 2016
- S&P 500 index was trading above it's 100-period simple moving average, which is a sign for positive price action
- Breadth Ratio (UVOL to DVOL) was less-than stellar with volume flowing into securities increasing over volume flowing into securities decreasing at a...