1) Since 2000 % of stock over 200 DMA > 89% - 92% in 2002 ,2009 & 2021 happened only 3 thrice it always came back to 45% after that, ) After that either it consolidates in this area or moves back to 70 & consolidates so we have couple weeks to be in that before going in either direction mostly in lower 30 to upper 2Os which can reverse the market ,
we see a big divergency between the Nasdaq indice and the precent of stocks above 200-day average: Nasdaq indice countinue to go up but the majority of stocks are decreasing roughly . --->basing on the channel we got , if the MMTH break the channel it's sign with a big probabilty to coming downtrend
SPX500 and MMTH : a lovely correlation. Enjoy the beauty. No needs to say more, DYOR and peace
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Just found this idea pretty interesting. If Avarage of stocks Above EMA 200 falls under about 55/60% usually we have a great SP500 correction. As always mostly of stocks are susceptible by some type of crisis : Real Estate Crisis, Governament Crisis, War Crisis, Epidemic Crisis. Quite notable is the rebound to normality, it tooks about 2 periods (vertical...
Very high risk area to make such a case, like elliott wave top area count. But, data is showing this and i am using my bias not to accept it ;-) but that will not change the facts presented by the data. The only thing you should watch for is the previous idea. D.Cross is looming when/where is the question if it even happen !!!
Too late to exit in days Early W.System to exit in days 24 22 42 22 36 during a crash during a crash 53 43 40 19 9 ...
Looking at this chart, we have a potential box break down shaping up. This would mean weakness in the equity markets. I'm leaning short as we are below the -1 Bollinger Band. To me, that means down trend.
chart of percentage of stocks over 200 day moving average. chart show many more than usual stocks are above their 200 day moving average. also, volatility and implied volatility is low.
If you still have doubt that we are starting a new cycle from march low. Then , check my Elliott wave counts and SPX's Deviation they are also suggesting with higher probability a new cycle. That's been said, we will get 30 % correction more or less during this cycle, and i guess even more as we go up and percentages would be much easier to get.
% of stocks over the 200 day ma showing the push into equities. Monthly divergence ta boot
This chart is the monthly chart of % of stocks above their 200 Day Moving Average and when it gets to these levels the market will reverse direction. Greed is at extreme and the RISK greatly outweighs the potential return on a portfolio. Now would be the time to tighten up stop losses, reduce positions or outright sell positions as the market is vulnerable to...
Combination chart of several different Breadth metrics. Multiple timeframes are used to smooth out false-signals. $MMTH - % Above 200 Day MA $MMOF - % Above 150 Day MA $MMOH - % Above 100 Day MA $MMFI - % Above 50 Day MA Best, RH
Ascending Triangle on the 200 Day Broad Market. Trend line support shows an area for area for early entry.
We posted this chart back on Feb 28th (see related ideas chart) and we said that we were looking for the number of stocks below their 200 DMA to hit the lows of 2018 before we see a Short Term Bottom. We are now in this area as you can see in the chart (white parallel lines). We are now looking to put Long trades on over the next 1-3 days.
just trying to get some perspective in regards to finding a bottom - just how deep will this correction / crash run? Such a great time to be witnessing the market, my gut feeling is we still have a long ways down yet - what do you think?